Lot 25 - 4 Brecon Road, Merthyr Tydfil, CF47 8LS

  • Unconditional Online Auction Sale
  • Guide Price* : £110,000+

Former Public House for Investment/Development

Description

ONLINE AUCTION from 7th DECEMBER-9th DECEMBER

Located on the main thoroughfare leading to Merthyr Tydfil town centre, this property occupies a prominent corner position on the intersection of Brecon Road and Garth Street.

The property is currently tenanted on a monthly rolling tenancy, and is achieving £1,200 rental income per a month.

The property previously comprised of a cottage to the rear. The ground floor of the cottage has since been converted into a pool room for the bar, the top floor remains unused. There is potential that the property could be converted back into a cottage, and as the development is located in a mixed use area there may be an opportunity to convert the public house into residential accommodation (subject to necessary planning consents). Alternative uses may include a coffee shop, restaurant, or café.

The property briefly comprises of a cellar, bar area with lounge and pool room, two bedroom living accommodation, and an unused space above the cottage.

Accommodation

Ground Floor: Bar, lounge, pool room, female wc, male wc
Lower Ground Floor:Cellar
First Floor: 2 bedrooms, bathroom

Tenancies

The property is currently let on a monthly rolling tenancy, achieving a monthly rental of £1,200

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.

Bidding not yet open
Minimum Opening Bid

£99,000


Bidding Opens On
7th Dec 2021 12:00
Scheduled End Date

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Paul Fosh Auctions
01633 254044

Documents

Legal Documents

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