Waiting for video...
This lot has been withdrawn from the auction.
ONLINE AUCTION from 16th MARCH-18th MARCH
A substantial, three storey, mixed use freehold development, located on Blackwood High Street just outside the main shopping thoroughfare. The road has a lot of footfall and would therefore would make an ideal investment.
The ground floor of this property was previously leased as a Café, the tenants occupied the property for approximately 18 years, at a monthly rental of £1,000 per month. The ground floor tenants have now vacated, therefore this aspect will be sold with vacant possession. There is also a large basement which can be accessed from the ground floor. Current rental values for this unit are approximately £1,400 per a month.
The top two floors consist of 2 one bedroom flats. Both of these flats are currently tenanted at a monthly rental of £360 per a flat.
Basement: Large basement
Ground Floor: Open plan café, kitchen
First Floor: Bedroom, bathroom, kitchen/livingroom
Second Floor: Bedroom, bathroom, kitchen/livingroom
Outside: Parking for approximately two cars
Ground floor to be sold with vacant possession
Top two floors are currently leased at £360 per a month
Advised Freehold - to be verified by solicitor
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/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.
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.