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 for an additional fee.



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



Council Tax Band: B

Tenure: Leasehold

Length Of Lease: 88

Annual Ground Rent Amount: £701.00

Annual Service Charge Amount: £2,802.00



For sale through Pattinson Auction under Conditional Terms.