Lot 33 - 116/118 High Street, Blackwood, NP12 1AF
- Unconditional Online Auction Sale
- Guide Price* : £1
- Bedrooms: 0
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Addendum
This property has been withdrawn prior.
Commercial Investment Opportunity
Description
An opportunity to acquire two shops trading as a mobile telephone shop and florist, with ancillary accommodation over. The property is situated in Blackwood, a vibrant town with a wealth of shopping facilities and amenities.
Accommodation
116 High Street: Retail shop unit with first floor ancillary accommodation over (not used).
118 High Street: Retail shop unit with first floor ancillary accommodation over (not used).
Accommodation
| Tenant | Rent |
|---|---|
| 116 High Street | Currently let from 1st Sept 2019 on a 15 month licence at £750 pcm |
| 118 High Street | Let at £950 pcm on IRI lease (currently holding over). |
| Total | Annual Income £20,400 pa |
Tenure
Advised Short Leasehold - 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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
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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