Lot 26 - 20/20a Margaret Street, Abercynon, Mountain Ash, CF45 4RE

  • Unconditional Online Auction Sale
  • Guide Price* : £94,000+

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Commercial/Residential Investment

Description

ONLINE AUCTION 23rd JULY 2020

An opportunity to acquire a freehold building with A3 ground floor shop and self contained first floor, 2 bedroom flat that is situated on a strong high street with good foot fall.

The property comprises a shop unit which is occupied by a company involved in Sushi production and a lock up unit to rear. The flat has been well maintained and benefits from a fitted kitchen and bathroom, UPVC double glazing and gas central heating (not tested).

The units all benefit from their own meters and supplies for gas, electric and water and may offer the potential to split the titles and increase the value of the parts.

The increasingly popular village of Abercynon is ideally situated for access to the A470 to Cardiff and the M4. Locally there are a excellent range of shops amenities and schools.

Accommodation

First Floor Hallway, lounge, 2 bedrooms, kitchen, bathroom

Tenancies

The shop is let on a recently renewed 10 year lease at £400 per calendar month
Flat let on AST at £395 per calendar month
Lock up unit let at £75 per calendar month
Total annual income is £10,440

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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