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The guide price has been increased.
ONLINE AUCTION from 12th DECEMBER-14th DECEMBER
A detached, three storey building requiring renovation. The property has most recently been used as a public house, but may be suitable for development (subject to the relevant consents).
There is a parcel of land adjacent to the building which provides parking for two cars.
Property is briefly comprised of a ground floor bar/ lounge with wc’s and function rooms. The first floor hosts a function room plus owners accommodation. We have been advised that the top floor is comprised of four rooms although we have not been able to access these to inspect.
Location
Located in the town of Porth, this property is a short walk away from the town centre and main shopping thoroughfare. Situated in a prominent position on the corner of High Street, this property can easily be seen from the A42433, one of the main arteries into Porth.
Situated in a predominantly residential road this property is well connected to all transport links, this is furthered by the new transport hub currently being built. Porth station is approximately a 5 minute walk, which provides access to Cardiff, Swansea and Pontypridd.
VAT
We have been advised that VAT is not applicable on the sale of this property.
Services
The property benefits from gas, water and electric (not tested).
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.
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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