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ONLINE AUCTION from 7th NOVEMBER-9th NOVEMBER
A ground floor retail unit with ancillary accommodation to the floor above. The property was previously occupied by a carpet retailer and is now being sold with vacant possession. Subject to the relevant consents the property may be suitable, but not limited to use as a clothing retailer, takeaway or accountancy.
The first floor is briefly comprised of three rooms. Subject to the relevant consents these may be suitable for development into residential accommodation.
To the rear of the property is a yard with outbuilding.
Situated on the main shopping throughfare in the village of Aberkenfig this prominently positioned retail unit is amongst a number of mixed use developments. There is on street parking to the front of the property and a free car park within short walking distance. The property is positioned close to all transport networks, it is on the main bus route, is within close proximity to Tondu train station and Sarn train station both which provide access to Bridgend, Cardiff and Swansea. Additionally it is approximately a 10 minute drive to junction 36 of the M4.
The property benefits from electric and water (not tested).
The property has a rateable value of £5,500 and is currently classified as ‘shop and premises’.
We have been informed that no VAT is due on the sale of this property.
|Floor||Description||Area Sq Ft||Area Sq M|
|Ground Floor||Retail Area||294.50||27.36|
|First Floor||Room 1||189.76||17.63|
To be sold with vacant possession
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.
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