An excellent opportunity to acquire an almost fully let portfolio of four self-contained one-bedroom apartments situated across two established residential blocks in Port Talbot. We have been informed that the total rents total £31,200pa representing an initial gross yield of 15.6% on the advertised Guide Price.
The flats are located across the first and second floors and 3/4 flats are currently let on Assured Shorthold Tenancies with one being currently vacant, providing an immediate and consistent income stream. Flat 30a is in one building and then the remaining flats in the building block directly opposite. We understand that the properties are in reasonable condition, making this an ideal low-maintenance investment suitable for both experienced and first-time portfolio investors/landlords.
We are informed that each flat has Economy 7 heating and is held on a long lease of approximately 999 years. The flats are sold with a share of the freehold, offering enhanced control over management and long-term value. There is communal parking available but please refer to the legal pack for confirmation.
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 £360 pa (includes maintenance and insurance). Please refer to the legal pack once available for clarification on tenancies, charges and leases and any further information.
Flats are spread across the 1st & 2nd Floors and are all front facing.
Informed Leasehold with Share of Freehold – 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
999 years ( years unexpired)
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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If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
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.
