This property is a freehold building in Baglan, consisting of eight two-bedroom flats, each with its own tenancy and income. The flats are located on two floors, with six apartments accessed via a communal door and two with their own separate entrances. The building has a total annual income of £55,600, representing an initial gross yield of circa 11%. The property is in reasonable condition, with uPVC double glazing and individually metered electricity. The seller is looking for a buyer to take over the management of the property, which is currently self-managed by the owners. The property is being sold through public auction, with a buyer's premium of 1.2% payable on exchange of contracts. The guide price is £495,000, and the reserve price is within + or - 10% of this amount.