Lot 70 - 43 Commercial Street, Tredegar, NP22 3DJ

  • Unconditional Online Auction Sale
  • Guide Price* : £50,000+

Mixed Use Investment

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

Located on one of the main retail thoroughfares in Tredegar, this mid terrace, two storey building occupies a prominent position in Tredegar town centre. There are a number of local and national retailers within close proximity, including: Home Bargains, Domino’s Pizza and Farmfoods.

The ground floor currently provides a self-contained retail unit measuring approximately 37.84 Sqm (407.3 Sq ft). We have been advised that the retail unit is currently leased on a Periodic Tenancy at a monthly rental of £300pcm. The current tenant took occupancy in 2019.

The first floor is comprised of a one bedroom, self-contained flat which is accessed from the rear. We have been advised that the flat is currently tenanted on a Statutory Periodic Tenancy which commenced January 2020 with an ongoing monthly rent at £325pcm.

The town of Tredegar is located in the county borough of Blaenau Gwent, approximately 1.5 miles south of the A465 Heads of the Valley road, and approximately eight miles north of Blackwood.

Accommodation

Ground Floor: Retail unit
First Floor: Living room, bedroom, kitchen, bathroom
Outside: Garden to rear

Tenancies

Retail Unit: Leased on a Periodic Tenancy at a monthly rental of £300pcm. The current tenant took occupancy in 2019.
Flat: Leased on a Statutory Periodic Tenancy which commenced January 2020 with an ongoing monthly rent at £325pcm.

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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Sold for £57,000

This auction is now closed.

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Paul Fosh Auctions, 01633 254 044
01633 254044

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