Lot 29 - Treorchy Hotel, 165 Bute Street, Treorchy, CF42 6DA

  • Unconditional Online Auction Sale
  • Guide Price* : £165,000+
  • Bedrooms: 3

Lot - Former Pub Ideal for Commercial Investment or Development Potential

Description

ONLINE AUCTION from 16th DECEMBER-18th DECEMBER

Freehold building formerly operating as the Flamingo bar and previously as a public house. The property comprises two main function rooms, along with two smaller seating and bar areas. The upper floors provide residential accommodation including three bedrooms, a kitchen, and a living room. Parking is available to the rear.

The successful purchaser has the option to operate the premises as a pub or let it as a commercial investment. There is also potential for redevelopment into residential accommodation or flats, subject to the necessary planning consents.

We have been informed by the vendor that when the property was operating as the Flamingo Bar, it achieved approximately £550 per week in rental income. The property is offered with vacant possession as no tenancy is currently in place.

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

Joint Agent

Flying Keys
01495 243473

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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