Lot 62 - 2 Evelyn Street, Barry, CF63 4EN

  • Unconditional Online Auction Sale
  • Guide Price* : £270,000+
  • Bedrooms: 0

Lot 62 - Two Large Commercial Units with Planning Permission

Description

ONLINE AUCTION from 2nd SEPTEMBER-4th SEPTEMBER

A double fronted commercial building with change of use and external alterations, including partial demolition and extensions to facilitate the creation of three apartments and two studios, with the retention of two retail units (A1 use) at ground floor.

The site is an end of terrace two storey property which fronts onto Evelyn Street at the junction with Watson Street.
The building is currently occupied by two commercial units on the ground floor with associated storage, showroom and office area at first floor above. There is a gated service land adjacent to the side and rear of the building.

The immediate surrounds are predominately characterised by residential dwellings, although there is a car repairs garage located opposite to the southeast.

Description of Development
The proposed development is for the creation of five residential units (three apartments and two studios) with the retention of the two retail units at ground floor.
Some external works to the building are proposed to facilitate the conversion, including the following:
• Hip to gable roof extension with dormer to rear to create a second floor
level.
• Demolition of existing pitched roofs and extensions to building to create a
flat roof.
• Alterations and additions to fenestration on the front, rear and side
elevations.
The proposed residential units are all one beds and would be open-market tenure.
The Gross Internal Area of each of the units is as follows:
• Unit 1 (duplex) – 52.2 sqm
• Unit 2 (duplex) – 43.8 sqm
• Unit 3 - 50.45 sqm
• Unit 4 (studio) – 34.3 sqm
• Unit 5 (studio) – 31.3 sqm
There would be a new access from Evelyn Street between the two retail units, with a corridor through to the rear of the building and rear access lane where a cycle/refuse store room would be located. An internal stairwell would give access to the first floor and residential flats.

VIRTUAL TOUR

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 1.5% 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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Office Contact

Oliver Griffiths

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If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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