ONLINE AUCTION from 8th JUNE-10th jUNE
A substantial freehold building that occupies a prominent position on the one way system through Aberdare town centre.
We are advised that the property is currently tenanted and is achieving £900 per month rental income. Based on our guide price of £80,000 this results in a 13.5% yield. The current lease is five years and due to expire in December 2025.
The property provides approximately 186.1 sq m (2,003 sq ft) of retail space.
Other occupiers in the area include Principality Building Society, Coral and a number of independent traders.
Planning consent has been granted by Rhondda Cynon Taff County Borough Council for a change of use to provide an A3 licenced retail unit under application No. 17/1129/10.
The property is currently rented on a 5 year lease, with the tenants paying £900 pcm
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. 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.
This auction is now closed.
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