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ONLINE AUCTION from 29th AUGUST-31st AUGUST
A commercial development located in one of the most prominent positions in Pontypool. This unit is a substantial building which benefits from being situated on the corner of Commercial Street and Market Street, and therefore gains maximum exposure.
The building is currently tenanted by Harris Health and generates a rental income of £12,000 pa. The tenants have recently given notice which is due to expire on the 26th of September 2023.
The building is comprised of a two storey element and a three storey element, subject to the relevant planning consents may suit conversion to a mixed development with potential for a two bedroom flat and a studio. There is also lapsed planning permission to extend the two storey element to create a three story dwelling throughout.
The tenants have recently given notice which is due to expire on the 26th of September 2023
Advised Freehold - to be verified by solicitor
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.
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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