Lot 8 - 28 Commercial Street, Maesteg, CF34 9DH
- Unconditional Online Auction Sale
- Guide Price* : £58,000+
- Bedrooms: 0
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Lot 8 - Commercial Investment
Description
ONLINE AUCTION from 7th NOVEMBER-9th NOVEMBER
A three storey ground floor retail premises with ancillary accommodation. The property has most recently been occupied by a financial services company and is now being sold with vacant possession. It is suggested that the property would be suitable for an independent or national retailer, and would make a good rental premises. Subject to the relevant consents the property may be suitable for change of use to a café or takeaway.
To the rear of the property is a parcel of land which may be suitable for parking.
Subject to the relevant consents there may be scope to convert the top two floors into residential accommodation.
Location
Located in a prominent high street position this property is ideally situated on the main shopping thoroughfare in the town of Maesteg. The street is comprised of a mix of retailers, cafes, hair salons and banks. The street benefits from plenty of footfall as well as free 30 minute on street parking.
The property benefits from being situated within close proximity to transport links, with it being located on main bus route, and positioned close to the M4. Additionally Maesteg train station is a 10 minute walk, providing access to Cardiff, Newport and Swansea.
Services
The property benefits from water and electric (not tested).
VAT
We have been advised that there is no VAT due on the sale of this property.
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
|---|---|---|---|
| Ground Floor | Retail Area | ||
| WC | WC | ||
| Kitchenette | 34.87 | 3.24 | |
| Office | 58.12 | 5.4 | |
| First Floor | Room 1 | 49.72 | 4.62 |
| Room 2 | 111.08 | 10.32 | |
| Room 3 | 208.28 | 19.35 | |
| Second Floor | Room 1 | 208.28 | 19.35 |
| Room 2 | 227.33 | 21.12 | |
| Basement |
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related 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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