Lot 27 - Wyndham Arms, 55 Glebeland Street, Merthyr Tydfil, CF47 8AT

  • Unconditional Online Auction Sale
  • Guide Price* : £138,000+
  • Bedrooms: 2

Lot 27 - Residential/Commercial Investment

Description

ONLINE AUCTION from 11th NOVEMBER-13th NOVEMBER

The property comprises a public house with residential accommodation above.

The pub occupies a prominent corner position close to the town centre and is let on a 6 year lease. Above, there is a two bedroomed flat with planning consent, (work has commenced) to create an additional second one bedroom flat. Merthyr Tydfil is a busy town situated just below the A465 Heads of the Valleys road and is linked to Cardiff to the south and the Brecon Beacons to the north via the A470.

VIRTUAL TOUR

Accommodation

Ground Floor: Public house with main bar area, lounge bar, WC's and cellar
First Floor (Flat 1): Hallway, living room, kitchen, shower room
Second Floor: Landing, 2 bedrooms
First Floor: Derelict area with work having commenced to convert to a second bedroom

Council Tax Band

A

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Public House Commercial Lease June 2025 6 Years £15,600
Flat 1 Occuaptional Tenancy TBC TBC £500 pcm (£6,000 pa)

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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Paul Fosh Auctions
01633 254044

Office Contact

Paul Fosh Auctions
01633 254044

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.

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

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