Lot 54 - Corner House, 1 & 2 Avondale Terrace, Cymmer, Port Talbot, SA13 3LU

  • Unconditional Online Auction Sale
  • Guide Price* : £85,000+
  • Bedrooms: 0

Addendum

The property has been postponed from auction.

Lot 54 - Commercial Investment

Description

ONLINE AUCTION from 9th APRIL-11th APRIL

A two storey building comprising of two reception rooms, kitchen, utility room and disabled toilet to the ground floor. Situated on the top floor are five rooms and two toilets which can be accessed via two entrances and two stairways.

Location
Situated in the village of Cymmer, this property occupies a prominent position on the corner of Avondale Terrace and Craig–y–Fan Terrace. The property is situated in a primarily residential area, with a number of Airbnb's within close proximity. Situated close to local amenities and transport links. The property is situated a mile away from the new Wildfox leisure development, who have expressed interest in the plot, which will offer self contained Airbnb to accommodate large parties and families for walking and cycling activities.

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

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

Business Rates
Current rateable value is £3,650. The property is classified as ‘offices and premises'.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Room 1 203.65 18.92
Kitchen 184.71 17.16
Room 2 198.92 18.48
Utility Room 33.91 3.15
WC 33.15 3.08
First Floor Bathroom 34.66 3.22
Room 1 109.25 10.15
Room 2 67.17 6.24
Room 3 94.18 8.75
Bathroom 31.64 2.94
Room 4 76.75 7.13
Room 5 83.85 7.79

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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