Lot 64 - HOV Stationers, 31 Castle Street, Tredegar, NP22 3DG

  • Unconditional Online Auction Sale
  • Guide Price* : £105,000+
  • Bedrooms: 0

Commercial Investment

Description

ONLINE AUCTION from 7th DECEMBER-9th DECEMBER

Located on an established high street in Tredegar this property is an ideal investment. Being one of the main thoroughfares in Tredegar, this property gains plenty of footfall as well as passing trade.

The property is currently trading as a successful stationary shop. However, due to the size and layout there are plenty of alternate uses. We have been advised that the top floor of the property has consent A1 and A3 catering. Alternatively, there is access to the rear of the building which may make the top floor suitable for conversion into residential accommodation (subject to necessary planning consents)

There is parking to the rear of the property suitable for a number of cars.

We have been advised by the vendor that this property is exempt from business rates.

Accommodation

Ground Floor: Retail area, staff room, wc
First Floor: Office space, kitchen, arts and crafts room
Outside: Parking

Tenancies

To be sold with vacant possession

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/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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