Lot 52 - 13 College Street, Ammanford, SA18 3AB
- Unconditional Online Auction Sale
- Guide Price* : £90,000+
- Bedrooms: 0
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Lot 52 - Commercial Property with Ancillary Accommodation
Description
ONLINE AUCTION from 1st OCTOBER-3rd OCTOBER
The four storey property features three floors currently dedicated to commercial use with ancillary accommodation.
The ground floor has most recently operated as a successful restaurant. The upper floors offer extensive ancillary accommodation. The additional spaces are very versatile, and could be used to expand the current business operations, such as adding a bakery, catering services, or private event areas.
Subject to the relevant consents, there is significant potential to convert the upper floors into residential accommodation, presenting a lucrative opportunity for mixed-use development that combines commercial and residential spaces to maximise the property's value. There is also a side hatch that opens out directly onto the Arcade for direct takeaway purposes.
We have been informed that the property benefits from an A3 license.
Location
Located on the main thoroughfare through the town of Ammanford, this property is situated in the heart of the town centre, amidst various mixed-use developments.
The property benefits from high levels of foot traffic and excellent visibility. The area is well-served by local amenities, including shops, cafes, and schools, all within walking distance. College Street provides convenient access to large supermarkets, banks, and other essential services. Public transportation is readily available, with the main bus station nearby and the Ammanford train station just a short distance away, offering connections to larger cities such as Swansea and Cardiff.
Additionally, there is a large public car park situated to the rear of the property.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been informed that no VAT is due on the sale of the property.
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
|---|---|---|---|
| Ground Floor | Retail Area | 485.23 | 45.08 |
| Office | 83.85 | 7.79 | |
| First Floor | Function Room | 490.72 | 45.59 |
| Second Floor | Commercial Kitchen | 200.42 | 18.62 |
| WC | |||
| Commercial Kitchen 2 | 151.77 | 14.1 | |
| Third Floor | Office 1 | 113.34 | 10.53 |
| Office 2 | 104.94 | 9.75 |
Tenancies
To be sold with vacant possession
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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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.
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