Lot 26 - Units to the rear of Winifred Road, Neath, SA10 6HP

  • Unconditional Online Auction Sale
  • Guide Price* : £40,000+
  • Bedrooms: 0

Lot 26 - Units for Sale/Investment

Description

ONLINE AUCTION from 18th JUNE-20th JUNE

Two light industrial units. Each property is currently tenanted and is achieving a monthly rental income of £130 per month.

Subject to the relevant consents the property would be suitable for use as a workshop, storage space for contractors or mechanics.

Location
The site is situated to the rear of 6a Winifred Road. The premises is located just off of a light industrial site containing a number of units.

Located in Skewen approximately 2 miles to the west of Neath town centre.

Skewen provides for a mixture of commercial properties such as general retailing, takeaways and public house facilities supported by densely populated residential housing.

The immediate area also affords good lines of communication via the main A465, A4230 and the M4 Motorway (J44), which is 1 mile from the subject premises. Additionally, the Skewen train station is approximately a 10 minute walk.

VAT
We have been informed that there is no vat due on the sale of this property.

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Unit 1 Periodic Unknown n/a £130 pcm
Unit 2 Periodic Unknown n/a £130 pcm

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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