ONLINE AUCTION from 7th DECEMBER- 9th DECEMBER
An opportunity to acquire 25 industrial units situated on the site of the former Ferrari's bakery.
The site has been renovated significantly over the last few years, with all units, benefiting from new cladding (including most of the roofs), new electrics, new roller shutters CCTV and security fencing.
The site is situated in a convenient position adjacent to the AA65 Heads of the Valley trunk road, an increasingly important gateway for business in South Wales. The overall site measures approximately 31,700 square feet and annual income is circa £113,195 pounds per annum.
Please register interest for block viewings via Paul Fosh Auctions
|Unit||Size (Sq Ft)||Lease Start Date||Lease Duration||Income Per Month||Income Per Annum|
|10||1829||10/02/20||5 years||£100 per week||£5,720|
|15||234||26/02/20||5 years||£97.50 per week||£5,070|
|18||3658||5 years||£800 (currently discounted to £700)||£9,600|
|TOTAL ANNUAL INCOME||£113,194|
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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