Lot 14 - 26A Talbot Street, Maesteg, CF34 9DB

  • Unconditional Online Auction Sale
  • Guide Price* : £115,000+
  • Bedrooms: 0

Lot 14 - Tenanted Commercial Premises with Planning for 4 Residential Dwellings

Description

ONLINE AUCTION from 9th APRIL-11th APRIL

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-bedroom flats and two, two-bedroom 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 the 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.

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 1.5% of the purchase price (subject to a minimum of £1,500) 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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Bidding History 10 Bids
User Amount Date
Bidder 5 £125,000 11/04/24 17:17:25
Bidder 4 £124,500 11/04/24 17:14:36
Bidder 1 £124,000 11/04/24 16:44:08
Bidder 2 £123,000 11/04/24 16:25:19
Bidder 1 £122,000 11/04/24 14:56:10
Bidder 2 £120,000 11/04/24 14:41:26
Bidder 3 £118,000 11/04/24 11:37:18
Bidder 1 £116,000 10/04/24 20:50:35
Bidder 2 £114,000 10/04/24 14:58:00
Bidder 1 £112,000 09/04/24 20:21:56

Viewing Information

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Viewing

Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

Documents

Related Documents

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.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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