Lot 77 - Clarendon Building, Fernbrook Road, Penmaenmawr, Gwynedd, LL34 6DJ

  • Unconditional Online Auction Sale
  • Guide Price* : £180,000+
  • Bedrooms: 5

Lot 77- Residential/Commercial Investment Opportunity

Description

ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY

A substantial freehold building comprising a ground floor retail unit (sold off on long lease 999 years) and five self contained flats. The property is situated in a prominent main road corner position close to local shops and ameneties in this vibrant coastal location.

The village of Penmaenmawr is well known for its stunning scenery and is also close to the coast within walking distance of a sandy beach and the promenade and local primary school and lies within the Eryri Natinal Park/Snowdonia National Park.

The property is sold with vacant possession other than one flat let at £650.00 pcm.

Accommodation

No internal inspection was available prior to going to print but the accommodation is believed to comprise :
Ground Floor: Retail unit (former bank)
First Floor: Flats 1, 2 and 3
Second Floor: Flats 4 and 5
Outside: Courtyard to rear

Council Tax Band

B

Tenancies

Flat 5 let at £650.00 pcm, scope to fully let at £45,000 +

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

Olivia Williams
01633 254044

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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