A rare opportunity to acquire a block of four well-proportioned two-bedroom apartments, forming part of an attractive and established residential building in Port Talbot with informed rents totaling £34,800 representing an initial gross yield of approximately 15.8% of the advertised Guide Price.
The flats are situated on the first and second floors (front-facing units) and we are informed are all currently tenanted, providing an immediate strong income stream. The building and apartments are maintained in good condition, offering investors a ready-made portfolio asset. The properties all benefit from uPVC double glazed windows throughout and the building includes a security door intercom system, fully serviced communal areas and allocated parking to rear.
PLEASE NOTE : The approximate gross figure stated is based solely on the current passing rents provided and at the advertised Guide Price. We are verbally informed that each flat has an approximate service charge of £430 pa (includes maintenance and insurance). We are informed that the property is Leasehold with each apartment held on a long lease of approximately 999 years. Please refer to the legal pack once available for clarification on tenancies, charges and leases and any further information.
The building is ideally located within Port talbot and within a short distance to the town centre and with close proximity to commuter links and the M4.
Flats are spread across the 1st & 2nd Floors and are all front facing.
Informed Leasehold– please refer to legal pack for verification of tenure
Please refer to legal pack for further information on Tenancies
Viewing by appointment with Seel Auctions – www.seelauctions.co.uk
Buyer's Premium - 1.50% with a minimum of £2,000 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel Auctions (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 12 May 2026 online via the Seel Auctions website. Bidding will commence from midday on Monday, 11 May and conclude in order from Lot 1 at 4:00 pm on Tuesday, 12 May 2026
We've partnered with Watts Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
