Lot 4 - 9B Heol Aber-Rhondda, Porth, Rhondda Cynon Taf, CF39 0LL

  • Unconditional Online Auction Sale
  • Guide Price* : £14,000+
  • Bedrooms: 0

Lot 4 - Commercial Investment

Description

ONLINE AUCTION from 5th NOVEMBER - 7th NOVEMBER

A ground floor unit totalling approximately 206sqft (19sqm).

The property has been recently renovated to a good standard. There are roller shutter doors to the front of the property allowing for extra security.

The unit is currently tenanted and is achieving a monthly rental of £300pcm. The tenant has been in situ since August 2023 and has recently signed a new three year lease. The property is currently occupied as a sports massage therapist.

Location:
This property is located in a prominent corner position on close to Porth's main shopping area and train station, making it a convenient location for commuting to nearby towns and cities like Pontypridd and Cardiff

Services
Water, electricity - not tested

Business Rates
We have been informed that this property is exempt from business rates

Vat
We have been informed that there is not VAT due on the sale of this property

Virtual Tour:

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground 206 19

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
TSP Sports Massage IRI Tenant in situ since August 2023
New Lease 1st August 2024 - 31 May 2027
3 years £300 pcm

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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