Lot 89 - 249 East Road, Tylorstown, Ferndale, CF43 3HG
- Unconditional Online Auction Sale
- Guide Price* : £68,000+
- Bedrooms: 0
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Lot 89 - Mixed Use Development with Lapsed Planning
Description
ONLINE AUCTION from 1st OCTOBER-3rd OCTOBER
A four storey end of terrace premises. The ground floor is currently a commercial unit, previously occupied by a barber shop. There is a four bedroomed flat on the upper floors, which is currently tenanted at a monthly rent of £650 per a month.
The basement is accessed externally at the rear of the property. Planning has been granted to convert the uppers into two self-contained two bedroom flats – this planning is now lapsed but could be reinstated subject to the relevant consents.
To the rear of the property is a parcel of land.
Location:
Situated on the A4233, main throughfare through Tylorstown this property gains plenty of attention from passing traffic. Positioned in a mixed used development area this property is within close proximity to a number of independent traders such as Londis, takeaways and newsagents. The property is positioned on the main bus route through Tylorstown.
Planning Permission
Planning has been granted for the conversion of 4 bedroom flat into two self-contained two bedroom flats – planning reference 15/1070/10. Please contact Rhondda Cynon Taf council for further information.
Services:
The property benefits from gas, water, electric (not tested).
VAT:
We have been advised that no VAT is due on the sale of this property.
We have been advised that the property was previously let at £1,100, however it is suggested that current market rental is approximately £650 pcm for the flat and £650 pcm for the shop.
Council Tax Band
A
Tenancy
| Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
|---|---|---|---|---|
| Flat 1 | approx. 3rd May 2024 | 1 year | £650 pcm | |
| Ground Floor | vacant | vacant | vacant | vacant |
Tenancies
The flat is tenanted at £650 per calendar month
The shop is vacant
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
Related Documents
Auction Finance
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