Lot 49 - 152 & 154 Holton Road, Barry, CF63 4HL
- Unconditional Online Auction Sale
- Guide Price* : £140,000+
- Bedrooms: 0
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Addendum
This lot has been sold prior to the auction.
Two Retail Units for Investment
Description
ONLINE AUCTION from 27th APRIL-29th APRIL
This two story building is comprised of two retail units and an outbuilding to the rear.
We have been advised that the first retail unit is currently let to St Vincents Charity, on a five year tenancy from March 2021. The property was achieving £12,800 per annum until recently when the rent was renegotiated £9,000 per annum due to the current pandemic. The ground floor of this property is currently operating as an open plan retail unit measuring approximately 76.5 sq m / 823.43 sq ft.
The second retail unit is currently vacant, but was recently leased to Hayes Travel Agents. We have been informed that the property was achieving £12,800 per annum prior to vacant possession. The ground floor retail space measures approximately 79.87 sq m / 859.71 sq ft.
There is an outbuilding to the rear of the property which can be accessed from the lane situated directly behind the building. The lane does provide vehicle access, however at present there is only pedestrian entrances into the outbuilding. The building may be suitable for renting as storage space.
Accommodation
Unit 1
Ground Floor: Open plan retail unit
First Floor: 5 storage rooms, kitchen, wc
Unit 2
Ground Floor: Open plan retail unit
First Floor: 2 offices, kitchen, male & female wc
Outside: Yard, outbuilding/storage space
Tenancies
Unit 1: 5 year tenancy achieving £9,000 pa
Unit 2: Vacant
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 £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.
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Auction Finance
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.
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