Lot 48 - Barron Villa, Bronllys Road, Talgarth, Brecon, Powys, LD3 0AA

  • Unconditional Online Auction Sale
  • Guide Price* : £85,000+
  • Bedrooms: 0

Lot 48 - Tenanted Commercial Property

Description

ONLINE AUCTION from 23rd JULY-25th JULY

Location:
Situated in the town of Talgarth, this property is prominently positioned overlooking the A479, one of the main throughfares through the town.

The property is located within close proximity to a number of commercial units, there is a joinery to the rear of the property, and a livestock auctioneers to the front. Additionally, there are a number of independent retailers within close proximity. The area of Talgarth is predominantly residential, with a housing development situated to the rear of the property.

Description:
A semi-detached, two storey building of stone construction under a pitched roof. The property is comprised of six units, five of which are currently tenanted.

Unit 1 and 2 are located on the ground floor and are accessed to the front of the property. Both units are currently let and used as a professional photography studio. Units 3, 4 and 5 are currently let and are leased for storage. Unit 6 is currently vacant.

At present the property is currently achieving a rental annual rental income of £11,192.50. Based on the guide price this provides a rental yield of 13.7%.

To the front of the property there is parking for a number of vehicles.

Services:
Water, electric - not tested

Accommodation

Floor Area Sq Ft Area Sq M
Unit 1 502 46.63
Unit 2 303 28.14
Unit 3 334 31.02
Unit 4 265 24.61
Unit 5 450 41.80
Unit 6 446 41.43

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Unit 1 & Unit 2 IRI 01/01/2023 - 31/12/2026 3 Years £4,427.50 per annum (exc vat)
Unit 3 IRI 01/01/2023 - 31/12/2026 3 Years £1,837 per annum (exc vat)
Unit 4 IRI 17th April 2024/16th April 2025 1 Year £2,160 per annum
Unit 5 IRI 1st July 2020 - 30th June 2023 3 Years £2,250 per annum (exc vat)
Unit 6 Vacant Vacant Vacant Vacant

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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