Lot 38 - 30 High Street, Neath, West Glamorgan, SA11 3NB
- Unconditional Online Auction Sale
- Guide Price* : £180,000+
- Bedrooms: 0
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Lot 38 - Development opportunity
Description
ONLINE AUCTION from 14th MAY-16th MAY
A substantial freehold corner building with planning for 4 flats, an office and retail unit. The property occupies a prominent position within Neath town centre and is close to other retailers and parking. The property has had significant work and is up to first fix electrics and plumbing with sprinkler system installed and some initial partitions installed.
The town of Neath has a bustling town centre with an excellent range of shops and amenities and great road links to Swansea and the M4 motorway. The property is sold with vacant possession, however we have been informed there is a waiting tenant for the shop and the residential units should see a high demand for rental when completed .
Accommodation
Please note images taken from 2022
Ground Floor: Entrance to retail sales area to front with access to yard at the rear. Communal side door and hallway with access to flats & area for office space (refer to plans)
First Floor: Space for proposed flat 1 & 2 (refer to plan)
Second Floor: space for proposed flats 3 & 4 (refer to plan)
Outside: Small yard area
Tenancies
To be sold with vacant possession but could achieve a potential rental income as advised by a letting agent as the following:
Flat 1 - £700pcm
Flat 2 - £700pcm
Flat 3 - £700pcm
Flat 4 - £700pcm
Retail - £750pcm
Office - £300pcm
Total circa £46k income
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email sarah@paulfoshlettings.com for invaluable advice.
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
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.
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