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ONLINE AUCTION from 7th NOVEMBER-9th NOVEMBER
An A5 restaurant & takeaway with alcohol licence. In addition, the property benefits from an A3 off-licence, licence. The property also has a 2/3 bed maisonette above the premises, and subject to the relevant consents, potential to convert the basement to another 1/2 bedroom flat. Rear lane access also provides separate entrances to the flats and shop.
Located in a prime location on Abertillery High street, this property is situated within close proximity to a number of mixed use developments. The property benefits from plenty of footfall, with on street disabled parking to the front. Other retail properties in close proximity include JD Weatherspoons, Boots pharmacy and Iceland.
The property benefits from water, electric and gas (not tested).
The current rateable value for this property is £3,700, with the premises listed as ‘shop and premises’ .
The vendor has advised that there is no VAT due on this property.
We have been advised that there is 999 years lease in place with a peppercorn rent of £5 a year. Please refer to the legal pack for full information.
|Floor||Description||Area Sq Ft||Area Sq M|
|Ground Floor||Retail Area||432||40.13|
|Lower Ground Floor||Room 1||134.4||12.49|
|First Floor||Kitchen/Dining Area||184.08||17.10|
|Second Floor||Bedroom 2||93.79||8.71|
|Converted Attic Space||147.46||13.70|
|Outside||Lane access to rear|
To be sold with vacant possession
Advised Leasehold - to be verified by solicitor
The property is held on lease for a term of 999 years from 1st January 1874 with a peppercorn rent of £5 pa.
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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