Lot 39 - Colonel Building, Talbot Street, Maesteg, CF34 9BL

  • Unconditional Online Auction Sale
  • Guide Price* : £90,000+
  • Bedrooms: 0

Lot 39 - Town Centre Leisure Building with Potential Residential Conversion Options

Description

ONLINE AUCTION from 16th DECEMBER-18th DECEMBER

This detached property, built in 1897 and arranged over two floors, occupies a prime high-footfall location in the centre of Maesteg. The historic Colonel North Memorial Hall was used as an amusement arcade and snooker hall and benefits from no business rates, an EPC rating of D, and suitability for a variety of uses (Subject to necessary planning consents).

Offered with all fixtures and fittings included, the building presents an opportunity for continued commercial use or redevelopment. Architect plans are already available for conversion into nine, two-bedroom flats, providing strong potential for investors or developers. Located on Talbot Street close to shops, cafés, and public transport, it is ideally positioned for both business and residential purposes.

Business Rates: We are advised that the property is currently exempt from business rates.

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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Paul Fosh Auctions
01633 254044

Office Contact

James Hollingsworth
7930173054

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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