Lot 5 - 5 Beaufort Street, Brynmawr, Ebbw Vale, NP23 4AE

  • Unconditional Online Auction Sale
  • Guide Price* : £28,000+
  • Bedrooms: 0

Lot 5 - Commercial Investment with Established Tenants

Description

ONLINE AUCTION from 16th DECEMBER-18th DECEMBER

A two storey mixed-use property located on Brynmawr High Street.

The ground floor is let to Ladbrokes, who have occupied the premises since 2005 and currently produce an annual rental income of £3,500.

The first floor comprises residential accommodation accessed internally through the shop; this area is currently unused, and its condition and status are unknown as it has not been inspected.

The commercial tenant occupies under a rolling tenancy arrangement, which will require renewal by the successful purchaser.

Tenancies

Ground floor is let to Ladbrokes
First floor residential accommodation is unused

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

James Hollingsworth
7930173054

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.

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

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