Lot 65 - 31 Commercial Road, Resolven, Neath, West Glamorgan, SA11 4NA

  • Unconditional Online Auction Sale
  • Guide Price* : £83,000+
  • Bedrooms: 2

Lot 65 - A RESIDENTIAL/COMMERCIAL INVESTMENT OPPORTUNITY

Description

ONLINE AUCTION from 1st OXTOBER-3rd OCTOBER

A substantial building that comprises two refurbished and modernised self-contained flats and a retail unit. The property is situated in a prominent position within the village of Resolven which is ideally situated for access to the A470, M4 and the nearby town of Neath.

The flats have been refurbished to a high standard to include new kitchen and bathroom, UPVC double glazing and gas central heating (not tested). The retail unit would be ideal for a number of uses or potential conversion to residential (subject to any necessary planning consents).

VIRTUAL TOUR

Accommodation

Please note no internal inspection has been carried out the flats prior to going to print however we are advised it comprises:
Flat 1: Ground floor, lounge/kitchen, bedroom and bathroom
Flat 2: First floor, landing, lounge, bedroom, kitchen, bathroom
Ground: Shop retail area, further retail area. Stairs to First Floor and Basement
Basement: Storage area and storage room
Top floor storage area, WC
Outside: Rear yard with parking for approximately 3/4 cars

Tenancies

Flat 1 (31a) is let at £350 pcm £4,200 pa
Flat 2 (31b) is let at £300 pcm £3,600 pa
Shop was previously let at £525.00 pcm £6,300 pa
Overall income when fully let £14,100 (p/a)

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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