Lot 27 - 46-48 The Parade, Neath, West Glamorgan, SA11 1RN

  • Unconditional Online Auction Sale
  • Guide Price* : £190,000 +
  • Bedrooms: 0

Lot 27 - Commercial Property for Investment

Description

ONLINE AUCTION from 4th - 6th FEBRUARY

A substantial three storey Victorian building ideal for those looking for investment properties.

The ground floor offers a retail unit currently occupied with long term tenants who are keen to remain.

The part first floor and second floor are currently occupied by an insurance company who are also long term established clients.

The ground floor offers a main retail area with storage area to the lower ground floor and a WC.

The first floor offers two rooms with the second floor comprising of a kitchen area and two further offices.

Both properties are let at £10,000 per annum.

The properties are located within the town centre which offers various amenities alongside fantastic commuting routes such as the M4 via the A465.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor
Retail area 525.27 48.8
Tea Room 14.63 1.36
Lower Ground Floor: Storage Area
WC
First Floor:
2 offices 156.07 40.15
Second Floor:
Kitchen, 2 offices 504.82 46.9

Tenancies

Both properties are let at £10,000 per annum

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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01633 254044

Office Contact

Gemma Vaughan

Documents

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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