Lot 63 - 8 & 8a Hanbury Road, Bargod, Caerffili, CF81 8QS

  • Unconditional Online Auction Sale
  • Guide Price* : £58,000+
  • Bedrooms: 0

Lot 63 - Mixed used development

Description

ONLINE from 5th NOVEMBER - 7th NOVEMBER

A four-storey premises, comprising of a ground and lower ground commercial unit. The commercial premises is currently tenanted and is achieving a monthly rental of £550. The tenant has been residing in the property for approximately 3 years and is currently on a periodic tenancy.

The first and second floors are comprised of a two-bed maisonette. The property is accessed via a separate entrance on Hanbury Road. The property has recently been tenanted for £675 per month, and is now being sold with vacant possession.

Location
Situated on the main shopping thoroughfare in the town of Bargoed. Hanbury Road is situated with a number of mixed use developments, flanked by traditional terraced shops and businesses that range from cozy cafes, takeaways, and independent retailers to local services like barbers and pharmacies.

Services
Gas, water and electric - not tested 

Business Rates

VAT
We have been informed that there is no VAT due on the sale of this property.

Accommodation

Floor Area Sq Ft Area Sq M
Kitchen
Ground - Retail Area 624.84 58.05
Lower Ground Floor (room 1) 429.48 39.9
WC
Kitchenette 58.12 5.4
First Floor
Kitchen 135.62 12.6
Bathroom 46.17 4.29
Room 1 41.33 3.84
Room 2 106.56 9.9
Living Room 201.50 18.72
Second Floor
Bedroom 1 151.34 14.06
Bedroom 2 165.33 15.36

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
New to you IRI Periodic Periodic £550 pcm

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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