Lot 44 - Retail Unit & Freehold of 7 Flats, Coed Darcy, Llandarcy, Neath, SA10 6FL

  • Unconditional Online Auction Sale
  • Guide Price* : £30,000+
  • Bedrooms: 0

Lot 44 - Retail Unit & Freehold of 7 Flats

Description

ONLINE AUCTION from 1st OCTOBER-3rd OCTOBER

This lot is comprised of a freehold of a block of seven flats and a ground floor retail unit. 

Freehold
A freehold of seven flats sold on long leaseholds. The property is achieving ground rents of £125 per unit with RPI increases every 10 years.

The current vendor is not collecting a servIce charge as this is arranged in a separate agreement, however the ability to collect service charges may become available on purchase on the basis of the termination of the existing contract.

Retail Unit
A ground floor retail unit, of modern design. The property is open plan and contains large windows allowing for plenty of natural light, making it an attractive storefront for passers by. The open plan layout offers flexibility for various retail or service businesses, allowing for creative displays and a welcoming customer experience.

The shop is strategically located to benefit from the foot traffic of the thriving Coed Darcy community. Subject to the relevant consents the space is perfect for boutique stores, cafés, or local services, providing a vibrant and convenient hub for residents and visitors alike.

Location
Coed Darcy is a vibrant, modern community located in Llandarcy, South Wales, blending contemporary living with the nature. Nestled in a picturesque landscape, Coed Darcy offers a range of stylish homes designed to suit all lifestyles, from first-time buyers to growing families. The development places an emphasis on sustainability, with green spaces, parks, and walking trails seamlessly integrated into the neighbourhood.

With its excellent transport links to Swansea, Neath, and beyond, Coed Darcy is perfectly positioned for both work and leisure. Local amenities, schools, and recreational facilities create a convenient and family-friendly environment, while the community spirit is fostered through thoughtfully designed public spaces and events.

The site is set to become a community of 4000 traditional family homes. The site, which already has a well-established business community of more than 100 tenants, will also provide 500,000 sq ft of new commercial space. The future of the development includes retail, leisure, sports and community facilities, and acres of green open space.

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

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

Documents

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