Lot 23 - 50 Wind Street, Neath, SA11 3EN

  • Unconditional Online Auction Sale
  • Guide Price* : £185,000+

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Commercial Opportunity

Description

ONLINE AUCTION 11th JUNE 2020

The property is a freehold end of terrace period building in a prominent location in Neath town centre. The property comprises approximately 483 Sq m (5,198 Sq ft) of accommodation. The ground floor is arranged as a retail unit with suspended ceiling system and solid floor under vinyl flooring. The first and second floor areas offer ancillary accommodation suitable for storage or other potential uses (subject to necessary planning consents).

Neath benefits from a busy town centre with many established national retailers including Argos, Iceland, W H Smith and Next, to name just a few. The property is located on the junction of Wind Street and Church Street, which are both pedestrianised thoroughfares and will certainly benefit this double fronted unit. Neath is within close proximity of excellent road networks via A465 (Heads of Valley Road) and the M4 motorway in the south west.

*No member of Paul Fosh Auctions staff has been able to inspect the property, but we believe the information to be correct at the time of publishing

Accommodation

Please note the property has not been inspected internally however we believe it comprises:
Ground Floor: Main retail area, electric room, side entrance lobby, rear stairwell
First Floor: Corridor, office, staff room, store room, former plant room, wc's, stairwell
Second Floor: Main store room, other store rooms
Outside: Fire escape to rear, rear yard

Tenancies

To be sold subject to a tenancy to Caversham Finance Ltd, trading as Brighthouse (in administration) on a 10 year lease from September 2012. Passing rent is £50,000 +VAT pa.

Tenure

Advised Freehold - to be verified by solicitor

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.

The auction has not yet started
Minimum Opening Bid

£175,000


Bidding Opens On
9th Jun 2020 12:00
End Date

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Office Contact

Ryan Saunders

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Paul Fosh Auctions, 01633 254 044
01633 254044

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