Lot 47 - 6-8 Cemetery Road, Porth, Rhondda Cynon Taf, CF39 0LG

  • Unconditional Online Auction Sale
  • Guide Price* : £245,000+
  • Bedrooms: 0

Addendum

The property is postponed from auction.

Lot 47 - Mixed use Premises with x2 Commercial Units and x6 Flats and x3 Basement flats

Description

ONLINE AUCTION from 29th AUGUST-31st AUGUST

A mixed use development with 5 one bedroom flats, one 2 bedroom flat and 2 retail units. All residential elements are fully let and are currently achieving a rental of £2175 per a month. One of the ground floor retail units is currently let to a tattooist and is currently achieving a month rental of £190 per month on a 3 year lease. The other retail unit is currently vacant.

There are also an additional x3 basement flats which are vacant and require development. The basement flats are currently blocked up and not accessible but the entrance to them is to the rear of the property.

Location:
The property is located along Cemetery Road, only 0.7 miles away from Porth train station. The property is within close proximity to a range of local amenities and retailers including Lidl and Aldi.

Services:
The property benefits from electric and water (not tested).

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
6c MODEL WRITTEN STATEMENT OF A FIXED TERM (FIXED TERM STANDARD OCCUPATION CONTRACT) 1/11/22 - 31/10/23 1 Year £350 per month
7b MODEL WRITTEN STATEMENT OF A FIXED TERM (FIXED TERM STANDARD OCCUPATION CONTRACT) 12/11/22 - 11/11/23 1 Year £350 per month
7c MODEL WRITTEN STATEMENT OF A FIXED TERM (FIXED TERM STANDARD OCCUPATION CONTRACT) 20/10/22 - 19/10/23 1 Year £350 per month
8c MODEL WRITTEN STATEMENT OF A FIXED TERM (FIXED TERM STANDARD OCCUPATION CONTRACT) 09/02/23 - 08/02/24 1 Year £450 per month
6 (tattoo shop) Business Retail Lease 27/06/23 - 26/06/26 3 Years £190 per month
8b MODEL WRITTEN STATEMENT OF A FIXED TERM (FIXED TERM STANDARD OCCUPATION CONTRACT) 31/10/22 - 31/10/23 1 Year £325 per month
6b MODEL WRITTEN STATEMENT OF A FIXED TERM (FIXED TERM STANDARD OCCUPATION CONTRACT) 27/06/23 - 26/06/23 1 Year £350 per month
7 (vacant shop) Vacant Vacant Vacant Vacant

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Office Contact

Debra Bisley

Documents

Auction Finance

As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.

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