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

  • Unconditional Online Auction Sale
  • Guide Price* : £110,000+
  • Bedrooms: 2

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 1.5% of the purchase price (subject to a minimum of £1,500) 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/land transaction tax (LTT). 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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Bidding History 11 Bids
User Amount Date
Bidder 5 £115,000 09/12/21 17:41:27
Bidder 4 £114,000 09/12/21 17:31:09
Bidder 2 £113,000 09/12/21 17:30:22
Bidder 3 £112,000 09/12/21 17:29:48
Bidder 2 £111,000 09/12/21 17:19:07
Bidder 1 £109,000 09/12/21 17:16:50
Bidder 3 £107,000 09/12/21 16:21:49
Bidder 2 £105,000 09/12/21 15:36:26
Bidder 1 £103,000 09/12/21 14:52:30
Bidder 2 £101,000 09/12/21 11:00:39
Bidder 1 £99,000 08/12/21 11:23:57

Viewing Information

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Viewing

Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

Documents

Auction Finance

As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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