Property Details: - Type: Apartment - Bedrooms: 6 - Bathrooms: 0
Agent: Town & Country Property Auctions - North Wales, Mid Wales, Oswestry, Chester Phone: 01244 988286
<b>Guide Price £420000 * Plus 3% Buyers Premium plus VAT<br/>For sale by unconditional online auction, registration is now open. Bidding opens on 28/10/2026 17:30 and ends on 28/10/2026 20:10.</b><br/><br/>To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website <a target="_blank" href="https://what3words.com/tcpa.co.uk">tcpa.co.uk</a> <br/><br/>A unique opportunity to acquire a block of six self-contained apartments for sale under a single freehold title. Previously offices, a conversion in May 2022 has delivered a popular destination for tenants seeking long-term rental accommodation in central Oswestry. The property is currently operating on a self-managed basis with very low rental voids.<br/><br/>Key to the appeal to investors will be the low operating costs which result in an estimated net rental income of £45,540.00 per annum, representing a high NET rental yield of over 9.6% per annum.<br/><br/>The total internal area, including the shared areas, is approximately 243 sq m. The property is in very good condition, with no known building works required. It also has a rear garden, although there is no parking.<br/><br/>Investment Highlights<br/>- Guide Price: £420,000.00<br/>- Fully tenanted at present<br/>- Low voids<br/>- Currently self-managed<br/>- Good condition throughout<br/>- All planning and building consents in place<br/><br/>Financials<br/>- Rental income of £3,900.00 per calendar month<br/>- Gross rental income per annum - £46,800.00<br/>- Annual operating costs per annum - £1,260.00<br/>- Estimated net rental income - £45,540.00<br/>- Estimated net rental yield - 9.6%+<br/><br/>Outgoings<br/>- Council Tax: £0 (tenant pays)<br/>- TV Licence: £0 (tenant pays)<br/>- Water: £0 (tenant pays)<br/>- Energy: £0 (tenant pays)<br/>- Cleaner (communal areas & on other site activities): £1,260<br/>- Broadband: £0 (tenant pays)<br/><br/>Total Monthly Outgoings: £105.00<br/>Total Annual Outgoings: £1,260.00<br/><br/>Tenant Profile<br/>The apartments are tenanted by a mixture of single working professionals (male and female), young couples and young families.<br/><br/><b>UNCONDITIONAL LOT</b> Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 3%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).<br/><br/><b>Pre Auction Offers Are Considered</b><br/>The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.<br/><br/><b>Special Conditions</b><br/>Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
