Lot 72 - 5 Libanus Road, Ebbw Vale, NP23 6EJ

  • Unconditional Online Auction Sale
  • Guide Price* : £59,000+
  • Bedrooms: 0

Lot 72 - Mixed Used Development with Commercial Unit

Description

ONLINE AUCTION from 29th AUGUST-31st AUGUST

A three storey mixed use development with a commercial unit to the ground floor and owners accommodation on the first floor. On the lower ground floor there is storage space and access to the back garden area.

The property has previously been used as an Indian takeaway and would be suitable for continued use. Alternatively, subject to the relevant planning consents the property may be suitable for use as a hairdressers, beautician, estate agents or solicitors.

Location
Situated within close proximity to Ebbw Vale town centre, this property is prominently positioned within a rank of mixed use developments, the majority of which are comprised of independent retailers on the ground floor.

The property has good access to transport links such as Ebbw Vale train station, and the A465 Heads of the Valley Road.

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

Business Rates
We have been advised that the current rateable value is £1,900 and is classified as ‘shop and premises’ .

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Kitchen 185.35 17.22
Retail Area 184.71 17.16
Lower Ground Floor Room 1 123.57 11.48
Storage Room 99.03 9.2
Extension 88.16 8.19
First Floor Bedroom 1 97.95 9.1
Bathroom 40.36 3.75
Bedroom 2 55.97 5.2
Bedroom 3 116.25 10.8

Tenancies

To be sold with vacant possession

Tenure

Advised Freehold - to be verified by solicitor

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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