Lot 69 - The Old Railway Tavern, 2 Dulais Fach Road, Tonna, Neath, SA10 8EP
- Unconditional Online Auction Sale
- Guide Price* : £176,000+
- Bedrooms: 0
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Lot 69 - Commercial Investment
Description
ONLINE AUCTION from 12th DECEMBER-14th DECEMBER
A detached former public house, currently operating as a well-established group holiday venue which sleeps 28, and is a popular destination for stag and hen parties. The property is achieving approximately £50,000 per year at 50% occupancy, therefore there is a lot of scope for additional income.
Comprised of a lounge/bar, commercial kitchen, living/dining room, disabled WC and utility room to the ground floor, and seven bedrooms and four bathrooms to the top floor. A recently renovated building and an already established holiday venue achieving a yield of 28.41% based on the guide price, this property is an ideal investment.
To the rear of the property is a large garden which may allow for further development subject to the relevant consents. There is also a large carpark to the front of the property.
Subject to the relevant consents the property may be suitable for further developments and may make an ideal restaurant, a number of flats or hotel.
Location
Located in the scenic village of Tonna, in the County Borough of Neath Port Talbot. This property occupies a prominent position along the B4434, one of the main thoroughfares into Tonna.
Situated a short distance from the A465 Heads of the Valley road, this property has good transport links to Neath, Merthyr Tydfil and Swansea.
The area is good for holiday makers and is popular for scenic walks, mountain biking, and day trips to Neath castle, Aberdulais Falls and Gnoll Country Park.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that VAT is not applicable to this sale.
The property is to be sold fully furnished, inclusive of pool table and retro arcade machine.
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
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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