Waiting for video...
Please note there is no VAT payable for this property.
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
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 |
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: 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.
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.