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ONLINE AUCTION from 5th MARCH-7th MARCH
A ground floor commercial unit with owner accommodation.
The property has most recently been let to a print shop and has been achieving £745 per month. it is now being sold with vacant possession.
The building briefly comprises of a ground floor retail unit, with one bedroom owner accommodation. There is an electric roller shutter door to the front of the property, and a door to the rear which may allow for further development.
Subject to the relevant consents the building may be suitable for conversion into a mixed use development.
Location
Situated in a mixed use street with good road links to the towns of Bargoed and Tredegar, and the A465 Heads of the Valley road being easily accessible.
Services
The property benefits from water and electric (not tested).
Business Rates
Current rateable value is £2,700. The property is classified as ‘Shop and premises'.
VAT
We have been advised that no VAT is applicable on this sale.
Floor | Description | Area Sq Ft | Area Sq M |
---|---|---|---|
Ground Floor | Retail Area | 237.34 | 22.05 |
Kitchen | 144.66 | 13.44 | |
First Floor | Room 1 | 249.50 | 23.18 |
Room 2 | 87.40 | 8.12 | |
Room 3 | 54.25 | 5.04 | |
Lower Ground Floor | Basement | 100 | 9.29 |
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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