Lot 77 - Merlin Hotel, Pwllgwaun Road, Pontypridd, CF37 1HH

  • Unconditional Online Auction Sale
  • Guide Price* : £175,000+
  • Bedrooms: 0

Lot 77 - Grade II Listed Tenanted Public House with Potential Residential Development

Description

ONLINE AUCTION from 27th AUGUST-29th AUGUST

A grade II listed public house with a tenant occupying the ground floor, and potential for residential accommodation on the upper floors. 

The ground floor is currently tenanted and is achieving a rental income of £25,000pa. There is a 15 year lease in place with 10 years remaining. 

Works have started to convert the upper floors into four apartments, we have been advised that there are partitions in place and some of the drainage works have been completed. Planning consent for four apartments has been applied for recently and is therefore not yet showing on the planning portal. 

Location
Occupying a prominent corner position on the intersection of Pwllgwaun Road and Vaughan Street, this property is ideally located approximately a 10 minute walk to Pontypridd town centre. 

The property is well connected to local transport links with local bus stops directly outside, and Pontypridd train station approximately a 10 minute walk away, providing access to Swansea, Bristol, Cardiff and London. Additionally, junction 32 of the M4 is approximately a 12 minute drive. 

The town of Pontypridd is well known for its student population and thriving town centre. 

Planning Permission
The vendor has advised that they have just submitted a planning application for the conversion of the upper floors into x4 residential apartments. This application is not yet showing on the planning portal. 

Services
TBC

Business Rates
We have been advised that this property has a rateable value of £11,000 and is listed as Public house and premises.

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

Council Tax Band

A

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Bar/Lounge 2158.80 200.56
Room 1 226.68 21.06
Kitchen 130.13 12.09
Ladies WC Not measured Not measured
Male WC Not measured Not measured
Lower Ground Floor Basement Not measured Not measured
First Floor Room 1 173.29 16.1
Room 2 184.06 17.1
WC Not measured Not measured
Room 3 44.56 4.14
Room 4 163.28 15.17
Room 5 209.25 19.44
Kitchen 155.32 14.43
Room 6 167.70 15.58
Room 7 158.22 14.7
Second Floor Room 1 with Ensuite 166.84 15.5
Room 2 with Ensuite 117.11 10.88
Room 3 with Ensuite 139.50 12.96
Room 4 with Ensuite 207.20 19.25
Room 5 with Ensuite 170.50 15.84
Room 6 with Ensuite 169.53 15.75
Room 7 with Ensuite 186.00 17.28
Room 8 with Ensuite 208.28 19.35

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Public House TBC TBC 15 years £25,000 per annum

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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Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

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