Lot 55 - 17-18 Dunraven Street, Tonypandy, CF40 1QG

  • Unconditional Online Auction Sale
  • Guide Price* : £109,000+

Commercial/Residential Investment

Description

ONLINE AUCTION from 2nd FEBRUARY - 4th FEBRUARY

A substantial building comprising of two shop units and three flats. The property occupies a prominent location within Tonypandy's main shopping area, with other well known national brands such as Boots, Savers, Iceland, Greggs and Lloyds bank to name just a few. There is also a large selection of local retailers nearby.

The ground floor shop areas are currently occupied and have benefitted from recent renovations carried out by the tenants themselves.

On the upper floors are the three flats, with two currently occupied and one vacant.

Tonypandy offers an excellent range of local amenities and shopping facilities, with good transport links available via road and the nearby train station, which provides links to Cardiff city centre. This is a multi-let investment opportunity which offers an attractive yield when fully let.

Accommodation

Ground Floor: Communal access to flats. Shop entrance. main sales area, ancillary space, wc. retail sales area 2
Basement: Basement area for storage
First Floor - Flat 1: Hallway, living/dining room, kitchen, shower-room, bedroom
First Floor - Flat 2: Hallway, living/dining room, kitchen, bathroom, bedroom
Second Floor - Flat 3: Hallway, living/dining room, kitchen, bathroom, bedroom

Tenancies

Shop Unit: Both shop units are let to a tenant on a 5 year agreement at £4,000 pa. (this figure was negotiated to allow the tenants to carry out renovations on the units).
Flat 1: Vacant
Flat 2: Let on an AST agreement at £85 pw (£4,420 pa)
Flat 3: Let on an AST agreement at £85 pw (£4,420 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 1.2% of the purchase price (subject to a minimum of £750) 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. 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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Sold for £113,000

This auction is now closed.

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Paul Fosh Auctions, 01633 254 044
01633 254044

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