Lot 70 - 7 Alma Street, Dowlais, Merthyr Tydfil, Mid Glamorgan, CF48 3RP

  • Unconditional Online Auction Sale
  • Guide Price* : 148,000
  • Bedrooms: 2

Lot 70 - Commercial/Residential Investment

Description

ONLINE AUCTION from 7th NOVEMBER-9th NOVEMBER

A substantial corner freehold building comprising a recently refurbished ground floor convenience store and two-bedroom flat let to tenant who is keen to remain in situ. The shop is sold with the new fixtures and fittings including fridge and chillers and shelving (see full list below).

The property is situated in a well established residential location and the convenience store has been trading for approximately 4 months and we are informed that weekly sales have been between £5,000 - £6,000 (not inc pay point sales) and has alcohol licence. Please refer to legal pack for confirmation of weekly income.

The shop and flat both benefit from UPVC double glazing and gas central heating (not tested).

Virtual Tour:

Accommodation

Shop (GF) Entrance, retail sales area, rear kitchen and storage space, w/c
First Floor: Entrance stairs to FF (ground floor), landing, lounge, 2 bedrooms, bathroom
Outside: Rear yard via electric shutter door

Accommodation

Fixtures and fittings to be included with shop;

Tenant Rent
Description Size
Fridges and Freezers
One Remote Chiller Door 3m (3050mm 10ft 38inch
One Remote Chiller Door 5m (5000mm 16ft 5inch)
One Upright Three Glass Door Freezer 2metres
One Ice Cream Freezer Wall's Vista 12 Led W1000mm X D650mm X H880mm
Shop Shelving Units
One 7 Metres of Gondola Shelving Units 210cm x base 37cm x top 30cm – double side
One Wall Shelf 7 meters- 2.30m base 370mm top shelves 370mm
One Wall Shelf 8 meters -2.30m base 370mm top shelves 370mm
One Bakery Display H2100mm X W1000mm
One Counter 3m - 3000mm (10ft 38inch)
One Cigarette Display Unit W1000mm X H1300mm
One EPOS Till System including Scanner
Printer
Cash Drawer
CCTV system with 13 cameras and two monitors

Tenancies

Shop/convenience store sold with vacant possession
The shop is sold with fixtures & fittings and the stock costs will be added to the eventual sale price (refer to legal pack)

Flat is Let at £600 pcm from April 2023 (£7,200 p/a)

Investors: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email sarah@paulfoshlettings.com for invaluable advice.

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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01633 254044

Office Contact

Sean Roper

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