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ONLINE AUCTION 11th JUNE 2020
A mid terrace freehold building located in a busy thoroughfare in the established market town of Builth Wells.
Situated over four floors the property has two seperate entrances and further benefits from car parking to the rear. The ground floor and cellar currently have A2 commercial use in place but may suit other businesses (subject to the necessary change of usage permissions).
Builth Wells benefits from a busy town centre, particularly in the summer months when tourists gather from all around the country to enjoy the surrounding natural beauty and many walking routes the area has to offer. The renowned Royal Welsh agricultural show is also held in the nearby village of Llanelwen in the summer months.
Please note the property has not been inspected internally however we believe it comprises:
Floor | Description | Area Sq Ft | Area Sq M |
---|---|---|---|
Basement | 3 storage areas/ancillary space | 818 | 76 |
Ground Floor | Large reception office, 2 office rooms | 829 | 77 |
First Floor | Offices | 383 | 35.60 |
Second Floor | Offices | 379 | 35.20 |
Outside | Parking for multiple vehicles to the rear |
Basement & Ground Floor - To be sold with vacant possesion
1st & 2nd Floor - Let on a formal lease from 1st Aug 2018 to 31st July 2023, with passing rent of £5,000 per annum (£416.66 per month)
Advised Freehold - to be verified by solicitor
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/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.
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.
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