Block of flats for sale in Maesteg CF34, 0 Bedroom

Property information
* This property is currently on 1 title, but can be subdivided into 7 flats in future with individual titles and leases
* Floorplans for each floor can be emailed upon request due to the size of the documents
* EPCs for all units can also be provided upon request

Key Features
* Tenanted investment block
* 9.5% aggregate gross rental yield
* £39,000 aggregate rent per annum
* 27.1% hpi growth (last 5 years)
* Freehold for the entire block (7 apartments)

ves-CF34-001

The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.

Please note that prospective buyers will be required to pay a fee of £900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta

Maesteg is a town in Bridgend County Borough in Wales. It is located around 7 miles west of Port Talbot, 9 miles north of Bridgend and 10 miles northeast of Neath. Swansea is circa 16 miles to the west and Cardiff is about 27.5 miles northeast of Maesteg.

The town has two railway stations, Maesteg and Maesteg Ewenny Road. Both are on the Maesteg Line which runs directly to Cardiff Central via Bridgend. Most trains continue to Cheltenham Spa via Newport, Chepstow, Lydney and Gloucester.

With its close proximity to bigger cities Maesteg is a perfect commuter town. Port Talbot, being the closest to Maesteg, has long established roots in manufacturing and steel production. Some of the big manufacturers in the area include tata Steel, boc, specific, twi and ThyssenKrupp. Port Talbot Steelworks is the largest steel plant in the UK and employs over 4,000 staff. The city is also home to one of Europe’s largest indoor film studios and the area has been used as a location for tv programmes such as Doctor Who, Torchwood and Merlin, as well as filming of the Dark Knight, Harry Potter and Da Vinci’s Demons, to name a few. The University of South Wales has a campus at Baglan Energy Park which includes a Renewable Hydrogen Research and Development Centre.

Gower Peninsula is within an hour’s drive of Maesteg and was the uk’s first designated Area of Outstanding Natural Beauty. It is known for its coastline and is popular with walkers, outdoor enthusiasts and surfers alike. To the north are the Black Mountains and Brecon Beacons National Park. Other notable destinations are Aberavon Beach, mountain biking at Afan Forest Park, Waterfall Country, monastic abbeys at Margam and Neath, Roman roads, country parks and colliery museums.