Lot 32 - 13-13a Commercial Street, Pontnewydd, Cwmbran, NP44 1DY

  • Unconditional Online Auction Sale
  • Guide Price* : £118,000+
  • Bedrooms: 1

Addendum

This property has sold prior to auction.

Commercial Investment

Description

ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY

The property comprises a mid terrace corner property of traditional brick construction under a pitch slate roof, with return glazed frontage at ground floor.

The ground floor is occupied by Lloyds pharmacy and provides a sales and dispensing area to the front of the unit with rear stores offices and ancillary space. The first floor flat is accessed from a rear courtyard, which itself is accessed from New street. External steel gantry steps lead to an access door. Internally the property provides a kitchen, living room and bedroom with shower room and WC

The whole property is let to Lloyds pharmacy on a 15 year lease commencing on 29th September 2012 with 5 year rent reviews, the passing rent is £12,000 per annum exclusive. (review date 29th September 2017). Lloyds pharmacy current sublet and manage the residential element.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Sales 583 54.16
Ground Floor Dispensary 202 18.8
Ground Floor Pharmacy 22 2.04
Ground Floor Office/Kitchen 55 5.13
Ground Floor WC
Ground Floor Store 1 54 5.06
Ground Floor Store 2 164 15.27

Outside: Rear courtyard

Tenancies

Tenancy: let to Lloyds Pharmacy on a 15 year lease commencing on 29th September 2012 with 5 year rent reviews, the passing rent is £12,000 per annum exclusive. (review date 29th September 2017).

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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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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