Lot 19 - 21 Church Street, Abertillery, NP13 1DB

  • Unconditional Online Auction Sale
  • Guide Price* : £50,000+
  • Bedrooms: 0

Commercial Investment with Potential for Mixed Used Development

Description

ONLINE AUCTION from 8th MARCH-10th MARCH

This property is located on a high street within Abertillery town centre, there are a number of mixed used developments within close proximity.

Formerly occupied as a café, the property was achieving an annual rental income of £10,000. Additionally the property benefits from having a hot food licence which permits it to serve hot food between 11pm and 5am.

The ground floor is briefly comprised of a coffee shop, kitchen and x2 wc’s. The top floor is comprised of three rooms and a cloakroom.

There is access via a courtyard to the rear of the property.

Subject to the relevant planning consent this property may be suitable for alternative use such as a top flat with retail unit on the ground floor.

Accommodation

Ground Floor: Kitchen, retail area, 2 wc's
First Floor: 3 rooms, cloak room
Outside: Yard to the rear

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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