Lot 27 - 19 Duke Street, Aberdare, CF44 7ED

  • Unconditional Online Auction Sale
  • Guide Price* : £90,000+
  • Bedrooms: 0

Addendum

Please note that the title plan & title register highlights 18, 18a & 19 Duke Street, however it is only 19 Duke Street that is for sale. The solicitors are aware of this & titles will be updated shortly.

Lot 27 - Tenanted Commercial Premises

Description

ONLINE AUCTION from 5th MARCH-7th MARCH

A tenanted commercial premises with a monthly rental income of £1,200 per month. The premises is currently in use as a bar/restaurant to the ground floor, seating area office to the first floor, and the attic space has been converted into an office and staff room.

The ground floor has two entrances, with the commercial street entrance having the stairs to upstairs directly in front. Subject to the relevant consents this may enable the property to be converted into two separate units.

Location
Situated in Aberdare town centre, this property is ideally located amongst a number of commercial premises. Aberdare benefits from a busy high street with high volumes of footfall. The town offers many local retailers and well known national brands such as Iceland, Holland and Barrett, Boots and B & M Bargains to name a few. Aberdare is situated approximately 24 miles from Cardiff and benefits from good road links including the A4059 and A470 bypass.

The property is situated opposite Aberdare train station, Aberdare bus station and a local car park.

Services
The property benefits from gas, water and electric (not tested).

Business Rates
Current rateable value is £7,200. The property is classified as ‘Cafe and premises'.

VAT
We have been advised that there is no VAT payable on the sale of this property.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Bar/Lounge 626.89 58.24
Cellar
WC 1
WC 2
First Floor Seating Area 414.41 38.5
WC
Kitchen 100.10 9.3
Attic Office and Staff Room 277.27 25.76

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Bushra Lounge Ltd See Lease details in legal pack 14th June 2023/April 2030 6 years & 10 months £1,200 pcm

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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