Lot 8 - 8-10 Margaret Street, Abercynon, Mountain Ash, Mid Glamorgan, CF45 4RE
- Unconditional Online Auction Sale
- Guide Price* : £36,000 +
- Bedrooms: 0
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Lot 8 - Commercial Property for Investment
Description
ONLINE AUCTION from 4th - 6th FEBRUARY
An opportunity to aquire a freehold premises with the ground floor currently occupied by a national betting establishment.
The property is current let at £4,000 per annum on a 10-year lease from January 2021.
The ground floor offers a main retail space with counter area and customer toilets, staff WC and kitchenette area.
The first floor is not accessable and has not been inspected. We anticipate this floor will require renovation.
The property is located in Abercynon, which has a range of amenities and train station. It also offers easy access to the A470 and M4.
Accommodation
| Floor | Area Sq Ft | Area Sq M |
|---|---|---|
| Ground Floor | ||
| Main Shop | 452.83 | 42.07 |
| Counter Area | 86.54 | 8.04 |
| Staff WC | 16.14 | 1.5 |
| Kitchenette | 43.70 | 4.06 |
| Gents WC | 22.38 | 2.8 |
| Ladies WC | 86.43 | 8.03 |
| First Floor - Uninspected (no access will be provided) |
Tenancies
The property is current let at £4,000 per annum on a 10-year lease from January 2021
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.
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 1.5% of the purchase price (subject to a minimum of £1,500) 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 Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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