Lot 48 - Barron Villa, Bronllys Road, Talgarth, Brecon, Powys, LD3 0AA
- Unconditional Online Auction Sale
- Guide Price* : £85,000+
- Bedrooms: 0
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Addendum
Please note there is no VAT payable for this property.
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 1.5% of the purchase price (subject to a minimum of £1,500) 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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Bidding History 49 Bids
| User | Amount | Date |
|---|---|---|
| Bidder 5 | £136,000 | 25/07/24 18:23:12 |
| Bidder 1 | £135,000 | 25/07/24 18:22:57 |
| Bidder 5 | £134,000 | 25/07/24 18:22:49 |
| Bidder 1 | 25/07/24 18:22:49 | |
| Bidder 5 | £132,000 | 25/07/24 18:22:42 |
| Bidder 1 | £131,000 | 25/07/24 18:21:19 |
| Bidder 5 | £130,000 | 25/07/24 18:20:59 |
| Bidder 1 | 25/07/24 18:20:59 | |
| Bidder 5 | 25/07/24 18:20:59 | |
| Bidder 1 | £126,000 | 25/07/24 18:20:49 |
| Bidder 5 | £125,000 | 25/07/24 18:20:43 |
| Bidder 1 | 25/07/24 18:20:43 | |
| Bidder 5 | £122,000 | 25/07/24 18:20:29 |
| Bidder 1 | £121,000 | 25/07/24 18:19:32 |
| Bidder 5 | 25/07/24 18:19:32 | |
| Bidder 1 | 25/07/24 18:19:32 | |
| Bidder 5 | £118,000 | 25/07/24 18:19:02 |
| Bidder 1 | £117,000 | 25/07/24 18:16:44 |
| Bidder 4 | 25/07/24 18:16:44 | |
| Bidder 1 | £115,000 | 25/07/24 18:16:32 |
| Bidder 4 | 25/07/24 18:16:32 | |
| Bidder 1 | £113,000 | 25/07/24 18:16:09 |
| Bidder 4 | £112,000 | 25/07/24 18:15:53 |
| Bidder 1 | £111,000 | 25/07/24 18:11:39 |
| Bidder 5 | 25/07/24 18:11:39 | |
| Bidder 1 | £109,000 | 25/07/24 18:11:27 |
| Bidder 5 | £108,000 | 25/07/24 18:09:10 |
| Bidder 1 | £107,000 | 25/07/24 18:09:03 |
| Bidder 5 | 25/07/24 18:09:03 | |
| Bidder 1 | £105,000 | 25/07/24 13:31:07 |
| Bidder 6 | £104,000 | 25/07/24 12:57:09 |
| Bidder 1 | £103,000 | 25/07/24 12:22:20 |
| Bidder 2 | 25/07/24 12:22:20 | |
| Bidder 1 | £101,000 | 25/07/24 12:21:58 |
| Bidder 2 | 25/07/24 12:21:58 | |
| Bidder 1 | £99,000 | 25/07/24 08:48:37 |
| Bidder 2 | £98,000 | 25/07/24 06:39:06 |
| Bidder 1 | £97,000 | 25/07/24 06:38:52 |
| Bidder 2 | 25/07/24 06:38:52 | |
| Bidder 1 | £96,000 | 24/07/24 22:55:37 |
| Bidder 2 | £95,000 | 24/07/24 20:43:33 |
| Bidder 5 | £94,000 | 24/07/24 20:08:26 |
| Bidder 4 | £93,000 | 24/07/24 18:47:05 |
| Bidder 2 | £92,000 | 24/07/24 15:36:56 |
| Bidder 3 | £91,000 | 24/07/24 14:58:53 |
| Bidder 2 | £90,000 | 24/07/24 12:02:16 |
| Bidder 1 | £89,000 | 24/07/24 11:50:40 |
| Bidder 2 | £86,000 | 24/07/24 11:45:02 |
| Bidder 1 | £85,000 | 24/07/24 07:25:45 |
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional 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.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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