Lot 100 - Pleasure or Pain Productions, 26 Cardiff Street, Aberdare, CF44 7DP

  • Unconditional Online Auction Sale
  • Guide Price* : £65,000+
  • Bedrooms: 0

Addendum

Please note: The guide price and reserve price have been reduced.

Lot 100 - Commercial Investment

Description

ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY

A four-storey commercial property located on Aberdare High Street, currently let to Pleasure or Pain Productions. We are advised that the property generates a rental income of £900 per calendar month.

The property is currently within commercial use class but offers potential for residential conversion to the upper floors, subject to the necessary planning
permissions and the existing tenancy.

The basement could offer development opportunities for additional commercial premises subject to planning.

Accommodation

Basement: Benefits from rear access and offers potential for parking
Ground Floor: Shop entrance from the High Street leading to a reception area
First Floor: Two studio rooms with WC facilities
Second Floor: Two studio rooms and a bathroom

Tenancies

Currently let to Pleasure or Pain Productions

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

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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