Lot 63 - 16 Broad Street, Builth Wells, LD2 3DT

  • Unconditional Online Auction Sale
  • Guide Price* : £40,000+

Investment Opportunity

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

A substantial freehold building comprising ground floor shop let to a gift shop and maisonette sold off on a long leasehold.

The property occupies a prominent position on the main high street within Builth Wells which is a well known tourist destination and especially known worldwide for the Royal Welsh Show.

Accommodation

Ground Floor: (Retail Unit) Retail sales area, storage space, wc
First Floor: Maisonette

Tenancies

The shop was let 1st January 2019 for £3,000.00 per annum for 1 year which now rolls over for annual review 1st January each year

The residential flat is a 999 year leasehold occupying basement, part ground floor, 1st and second floor

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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Office Contact

Sean Roper - sean@paulfoshauctions.com

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