Waiting for video...
The property has been postponed due to a delay fpr planning permission.
ONLINE AUCTION from 5th MARCH-7th MARCH
A three storey building briefly comprising of a ground floor retail unit and ancillary accommodation.
The ground floor retail unit is currently tenanted and is achieving a monthly rental of £500 per month.
The first and second floors benefit from planning consent for two, one-bedroomed flats and two, two-bedroomed flats.
There is parking to the rear the property for two vehicles.
Location
Situated on the main shopping high street in the town of Maesteg, occupying a prominent position amongst a number of mixed use developments. The property is located amongst a number of independent and national retailers including New Look, Card Factory and Savers.
Located approximately a 5 minute walk from Maesteg train station and positioned on the local bus route this property is ideally located for commuters.
Planning Permission
Planning has been approved for conversion of first & second floors to two single bedroom flats & two, two bedroom flats. There is a new shopfront to ground floor including new access door, new window openings on eastern elevation – further information can be found at Bridgend Council, planning reference P/23/53/FUL.
VAT
We have been advised that no VAT is applicable on this sale.
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.