A BLOCK of ten flats is going under the hammer for just £1. Auctioneer Marc Morrish said he will begin bidding at this amount and there is no reserve. He added: “If no one else bids, the flats will be sold for this.” The vacant one-bed pads with country views are being sold by a […]
A BLOCK of ten flats is going under the hammer for just £1.
Auctioneer Marc Morrish said he will begin bidding at this amount and there is no reserve.
He added: “If no one else bids, the flats will be sold for this.”
The vacant one-bed pads with country views are being sold by a housing association.
Mr Morrish, of agents Seel and Co, admitted the properties require cosmetic work inside plus some external repairs.
But he said: “The association wants to ensure that the block is sold, hence the £1 guide price and no reserve.
“I think the eventual winning bidder will be an experienced property developer or builder.”
The block called Yr Hafan — The Haven — in Pantygog, near Bridgend, South Wales will be sold in Cardiff on May 21.
The block is being sold as 10 vacant units and it has been vandalised in the past, the site is now secure.
It would be up to the new buyer to get the central heating and electrics checked by qualified professionals as one of their first tasks before refurbishing and renting the property.
