Lot 68 - 37 High Street, Ferndale, CF43 4RH

  • Unconditional Online Auction Sale
  • Guide Price* : £74,000+

Addendum

This lot has been withdrawn from the auction.

Commercial/Residential Investment Opportunity

Description

ONLINE AUCTION from 16th MARCH-18th MARCH

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 occupied by a barbers/hairdressers and other occupiers in the area include both national and local retailers.

VIRTUAL TOUR

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 previously let at £314 pcm (£3,768 pa)
Outside Rear yard
Total income when fully let £7,968

Tenancies

Shop is let at £350 per calendar month (£4,200 per annum)
Flat is being sold with vacant possession but was previously let at £314 per calendar month (£3,768 per annum)

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, 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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Sean Roper - sean@paulfoshauctions.com

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Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

Legal Documents

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