Lot 6 - 187-189 High Street, Blackwood, NP12 1AA

  • Unconditional Online Auction Sale
  • Guide Price* : £120,000+

Mixed Use Investment Opportunity

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

A substantial, three storey, mixed use freehold development, located on Blackwood High Street, just outside the main shopping thoroughfare. The road has a high level of footfall and would therefore 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 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 which are currently tenanted at a rental of £360 per flat per month.

Accommodation

Lower Ground Floor: 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

Tenancies

Ground floor to be sold with vacant possession
Top two floors are currently each leased at £360 per a month

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.

Bidding not yet open
Minimum Opening Bid

£110,000


Bidding Opens On
27th Apr 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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