Lot 87 - 37 High Street, Ferndale, CF43 4RH
- Unconditional Online Auction Sale
- Guide Price* : £65,000+
- Bedrooms: 1
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Commercial/Residential Investment Opportunity
Description
A freehold building comprising a ground floor retail unit with first floor flat. The property is situated in a parade of shops within the main shopping area in the town of Ferndale. The ground floor is currently occupied by a barbers/hairdressers and other occupiers in the area include both national and local retailers.
Accommodation
| Floor | Description | Rent |
|---|---|---|
| Ground Floor | Hair salon, office/store area, storeroom, kitchen, wc | Shop let on a five year lease at £350 pcm (£4,200 pa) |
| First Floor | Landing, lounge/bedroom, kitchen, bathroom | Flat let on an AST at £314 pcm (£3,768 pa) |
| Outside | Rear yard | |
| Total | £7,968 pa |
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 1.5% 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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Bidding History 12 Bids
| User | Amount | Date |
|---|---|---|
| Bidder 2 | £69,500 | 22/10/20 19:53:55 |
| Bidder 1 | £69,000 | 22/10/20 19:53:50 |
| Bidder 2 | £68,000 | 22/10/20 19:53:33 |
| Bidder 1 | £67,000 | 22/10/20 19:53:18 |
| Bidder 2 | £66,000 | 22/10/20 19:53:07 |
| Bidder 1 | £65,000 | 22/10/20 19:53:03 |
| Bidder 2 | £64,000 | 22/10/20 19:52:39 |
| Bidder 1 | £63,000 | 22/10/20 19:52:24 |
| Bidder 2 | £62,000 | 22/10/20 19:51:48 |
| Bidder 1 | £61,000 | 22/10/20 19:50:51 |
| Bidder 2 | £60,000 | 22/10/20 19:21:03 |
| Bidder 1 | £58,000 | 21/10/20 19:54:56 |
Viewing Information
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In the event of cancellation or amendment, we may contact you with updates. If you do not register but you travel to a viewing, you do so at your own risk.
Office Contact
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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