Lot 64 - 23 Bethcar Street, Ebbw Vale, NP23 6HH

  • Unconditional Online Auction Sale
  • Guide Price* : £79,000+
  • Bedrooms: 0

Lot 64 - Commercial Property with Potential

Description

ONLINE AUCTION from 14th MAY-16th MAY

A two storey premises, comprising of two commercial units.

Unit 1 is comprised of a high street fronting retail unit to the ground floor and kitchen, WC and two ancillary rooms to the lower ground floor.

Unit 2 is accessed via Rees Street and comprises of ancillary room and WC to the ground floor, and kitchen, WC and ancillary room to the first floor.

Both properties have electric roller shutter doors.

Previously leased as two units and achieving a rental income of approx. £10,000 pa in total.

Subject to the relevant consents, this property may lend itself to conversion into residential accommodation, alternatively, subject to change of use the property may be suitable for use as a dog groomers, take away or retail unit.

Location
Situated on the main high street through the town of Ebbw Vale. This property occupies a prominent corner position, which attracts plenty of footfall and is located within close proximity to local and national retailers. Additionally situated within close proximity to the train station, local bus routes and car parks. There is also on street parking to the front of the property, and three private parking spaces to the rear.

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

Business Rates
The property is exempt.

VAT
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).

Accommodation

Floor Description Area Sq Ft Area Sq M
Unit 1 - Ground Floor Retail Area 314.63 29.23
Lower Ground Floor Room 1 109.25 10.15
Room 2 135.62 12.6
Kitchen 70.07 6.51
WC
Unit 2 - Ground Floor Room 1 67.49 6.27
WC 27.12 2.52
First Floor Room 1 310.86 28.88
Kitchen 71.79 6.67
WC 20.34 1.89
Outside Approx. 3 Parking Spaces to Rear

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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Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

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