Lot 25 - 128A Commercial Street, Maesteg, CF34 9DW

  • Unconditional Online Auction Sale
  • Guide Price* : £38,000+

Commercial Investment

Description

ONLINE AUCTION from 20th JULY-22nd JULY

This former freehold vape shop is located on Commercial Street, Maesteg which is a busy high street and benefits from a good level of footfall.

The unit is currently tenanted and achieving a monthly rental income of £400 pcm. The tenant has provided notice and is due to vacate 17th August.

This lot consists of the ground floor, which is comprised of a trading area, office, two storage rooms, kitchenette and wc. The total property area is approximately 59.76 sq m/643.25 sq ft.

Based on the guide price and current rental, this property achieves a £12.6% yield, making this an ideal commercial investment.

Business class: A1

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Trading Area 155.0 14.4
Office 96.8 9
Storage Room 100.7 9.36
Storage Room 46.5 4.32
Kitchenette 59.2 5.5
wc
Total 458.2 42.58

Tenancies

Let on an AST agreement at £4,800 pa

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. 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 £38,000

This auction is now closed.

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Paul Fosh Auctions
01633 254044

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