Lot 6 - 33 Victoria Square, Aberdare, CF44 7LB

  • Unconditional Online Auction Sale
  • Guide Price* : £89,000+

Tenanted Commercial Unit

Description

ONLINE AUCTION from 16th MARCH-18th MARCH

A substantial freehold building that occupies a prominent position on the one way system through Aberdare town centre.

We are advised that the property is currently tenanted and is achieving £900 per month rental income. Based on our guide price of £89,000 this results in a 12.1% yield. The current lease is five years, due to expire in December 2025.

The property provides approximately 186.1 sq m (2,003 sq ft) of retail space.

Other occupiers in the area include Principality Building Society, Coral and a number of independent traders.

Planning Permission:
Planning consent has been granted by Rhondda Cynon Taff County Borough Council for a change of use to provide an A3 licenced retail unit under application No. 17/1129/10.

Tenancies

The property is currently rented on a 5 year lease, with the current tenants paying £900 pm.

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.

Bidding not yet open
Minimum Opening Bid

£84,000


Bidding Opens On
16th Mar 2021 12:00
End Date

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Office Contact

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Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

Legal Documents

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