Lot 16 - 36 Hannah Street, Porth, CF39 9RB
- Unconditional Online Auction Sale
- Guide Price* : £35,000+
- Bedrooms: 0
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Lot 16 - Commercial Investment
Description
ONLINE AUCTION from 14th MAY-16th MAY
A three storey ground floor retail premises with ancillary accommodation. The property has most recently been occupied by an estate agency and is now being sold with vacant possession.
Subject to the relevant consents there may be scope to convert the top two floors into residential accommodation.
Location
Located in a prominent high street position this property is ideally situated on the main shopping thoroughfare in the town of Porth. The street stretches approximately 400 metres with an eclectic mix of retailers, cafes, hair salons and banks. The street benefits from plenty of footfall as well as free 1 hour on street parking.
The town of Porth is situated approximately 15 miles north of Cardiff and the M4 motorway. The property is located within close proximity to local bus routes, and Porth train station is approximately a 10 minute walk. The area is currently undertaking a regeneration program which includes providing a transport hub for the town which aims to improve connectivity to the centre.
Services
The property benefits from water and electric (not tested).
Business Rates
The property is currently listed as ‘shop and premises’ with the current rateable value is £5,400.
VAT
We have been advised that there is no VAT due on the sale of this property.
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
|---|---|---|---|
| Ground Floor | WC | ||
| Retail Area | 474.47 | 44.08 | |
| Room 1 | 77.50 | 7.2 | |
| Room 2 | 96.44 | 8.96 | |
| First Floor | Room 1 | 108.50 | 10.08 |
| Room 2 | 113.02 | 10.5 | |
| Room 3 | 191.16 | 17.76 | |
| Second Floor | Room 1 | 155.00 | 14.4 |
| Room 2 | 96.44 | 8.96 |
Tenancies
To be sold with vacant possession. It is suggested that the property would rent for approximately £750 per month.
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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