Lot 54 - 31a Eirw Road, Porth, CF39 9LT

  • Unconditional Online Auction Sale
  • Guide Price* : £55,000+
  • Bedrooms: 0

Addendum

The property has been postponed from auction.

Lot 54 - Commercial Investment

Description

ONLINE AUCTION from 18th JUNE-20th JUNE

A two storey commercial unit, most recently used as office space for financial advisors.

Internally the property is of modern design and is ready for a new occupier to move straight into. Subject to the relevant consents the property would be suitable but limited to use as an estate agents, financial advisors, café, convenient store or retail unit. Additionally, there may be a possibility to develop this into residential accommodation.

Location
Occupying a prominent corner position on the intersection of Eirw Road and Edmund Street, the property is located south east of Porth town centre. The property is situated in a primarily residential area with approximately a 10 minute walk to the town centre.

The property benefits from good transport links including a 10 minute walk to Porth train station and bus station.

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

Business Rates
Current rateable value is £4,900. The property is classified as 'Shop & premises'.

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

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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