Lot 55 - Retail Unit & Freehold of 7 Flats, Coed Darcy, Llandarcy, Neath, SA10 6FL
- Unconditional Online Auction Sale
- Guide Price* : £21,000+
- Bedrooms: 0
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Lot 55 - Retail Unit & Freehold of 7 Flats
Description
ONLINE AUCTION from 5th NOVEMBER-7th NOVEMBER
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 for a term of 125 years from 01.01.2013. The property is achieving ground rents of £300 per annum per a flat with increases every 10 years of £100 (subject to a maximum ground rent of £1,000 per annum per flat).
Under the long leaseholds the services to the block are provided by a block management company. The purchaser will be required to contribute to the block service charge applicable to the retail unit. There is a separate requirement to contribute to the estates service charge for the wider Coed Darcy development. The purchaser should refer to the special conditions of sale.
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.
The retail unit will be sold with vacant possession.
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
VAT will be chargeable on the consideration attributable to the retail unit. The price will be apportioned between the residential elements of the Lot and the retail unit in the ratio 86:14 and VAT will be payable in addition in relation to the part of the price apportioned to the retail unit.
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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