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This property is Freehold and not Leasehold
ONLINE AUCTION from 8th MARCH-10th MARCH
A mixed use development comprised of a ground floor retail unit and first floor flat.
The ground floor is comprised of a retail unit with lapsed planning for a two bedroom flat – planning reference: C/2017/0108.
The first floor is comprised of a flat which has been sold on a 125 year lease commencing 2021.
The property may be suitable for a number of uses, for example a business owner wishing to use the property as their business premises (subject to relevant planning consents).
Located in Llanhilleth this property would make an ideal investment property.
The property is conveniently located close to all local amenities and Llanhilleth train station is directly opposite and only a short walk away which provides links to Cardiff city centre and Ebbw Vale.
The property achieves £250 pa in ground rent.
Ground Floor: Retail area divided into three spaces, kitchenette, wc
First Floor: Flat (not inspected by auctioneer)
To be sold with vacant possession
Advised Freehold - to be verified by solicitor
The first floor flat has been sold subject to a 125 year lease, commencing 2021.
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.
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.
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