Lot 27 - Former Doctor Surgery, 45-47 South Road, Porthcawl, CF36 3DG

  • Unconditional Online Auction Sale
  • Guide Price* : £395,000+

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Site with Development Potential

Description

ONLINE AUCTION 11th JUNE 2020

A former doctors surgery located within the seaside town of Porthcawl. This substantial building with a detached annexe is located to the north of the town centre and is approximately 10 miles from the M4 motorway.

The main building is arranged over three floors and was previously two large semi detached Victorian houses with an additional detached building to the rear, arranged over two floors.

The overall site is approx. 0.25 acres and the buildings measuring approx. 6,239 sq.ft (580 sq.m). This victorian building offers investors great scope for development (subject to the necessary planning consents).

Porthcawl benefits from an influx of tourism in the summer months and is easily accessible from the M4 motorway in the north, so may be considered for holiday lets or conversion to apartments/houses, amongst other suggested uses.
Please note the property has not been inspected internally however we believe it comprises:
Externally, there is a large car park area which can accommodate up to 12 vehicles.

Planning Permission: A pre-application has been submitted on the site. Reference - P/20/272/FUL

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Main Building 1909 177.71
First Floor Main Building 1094 108.78
Second Floor Main Building 1299 120.83
Ground Floor Detached Building to Rear 968 90
First Floor Detached Building to Rear 968 90
Outside Car park area for up to 12 vehicles

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 1.2% of the purchase price (subject to a minimum of £975) 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. 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

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