Lot 37 - 8 Market Square, Brynmawr, Ebbw Vale, NP23 4AJ

  • Unconditional Online Auction Sale
  • Guide Price* : £45,000+
  • Bedrooms: 0
  • Reception Rooms: 1

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Lot 37 - Commercial Opportunity

Description

ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY

A two storey mixed-use property located in Brynmawr - a historic market town in Blaenau Gwent, Brynmawr's High Street (Beaufort Street) features a mix of independent shops, cafes, charity shops and essential services, centered around Market Square with its historic Market Hall - now a cinema/theatre.

The ground floor was previously let to Ladbrokes and is now vacant, ready to be marketed for a new commercial tenant.

The first floor benefits from separate access and provides accommodation, including a large room/kitchen area and a WC.

The upper floor is expected to achieve an open-market rental income in the region of £500–£600 per calendar month.

Council Tax Band

A

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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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

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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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