1 Bed Apartment For Sale

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £40,000.

Elwy are pleased to market for sale a well-presented one-bedroom retirement apartment, which is to be sold with a tenant in situ.

Located within the sought-after Rhoslan Park development, this second-floor retirement apartment offers a fantastic opportunity for those over 55 seeking comfortable, low-maintenance living in a friendly and secure community. The property is ideally positioned just a short walk from Colwyn Bay-s local amenities and scenic promenade.

The accommodation includes a welcoming entrance hallway with a generous storage cupboard, a spacious lounge and dining area that opens into a modern fitted kitchen with integrated appliances, a double bedroom with built-in wardrobes, and bathroom. The apartment benefits from uPVC double glazing and storage heaters.

Rhoslan Park features a secure communal entrance with both lift and stair access to all floors. Residents can enjoy a communal lounge and shared laundry facilities, along with the peace of mind provided by an on-site manager and 24-hour emergency pull cord assistance.

Outside, the development boasts beautifully maintained communal gardens and a private residents- car park, with the option to reserve a parking space.

This property is currently tenanted by a long-term occupant and is achieving a rental income of £480 per calendar month, offering an excellent return on investment.

It is being sold with the tenant in situ, providing an immediate rental yield for potential investors.

Tenure: Leasehold. 125 Years from 24th June 1993

Ground Rent: £356.01 (01.03.25 - 31.08.2025)

Service Fees: £1,400.67 (01.03.25 - 31.08.2025)

EPC: TBC

Council Tax Band: B

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as The Auctioneer.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid- or ‘Guide Price-, and is accompanied by a ‘Reserve Price-. The ‘Reserve Price- is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price- / ‘Starting Bid-.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers- obligations and sellers- commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.