Lot 34 - 55 Cardiff Street, Aberdare, CF44 7DP

  • Unconditional Online Auction Sale
  • Guide Price* : £145,000+
  • Bedrooms: 0

LOT 34 - Commercial Investment

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

This three storey former bank is prominently positioned on Cardiff Street which is Aberdare’s prime retailing location. There are a number of independent and national retailers within close proximity including Argos, Boots and Iceland.

The property currently benefits from A1/A2 planning consent. Subject to the relevant planning consent, the property may be suitable for alternative use such as a restaurant, gym or a public house.

The building briefly comprises, a ground floor retail unit. First and second floor, either additional customer areas or storage. The property also benefits from a rear yard area.

Rates: As a listed property the non-domestic rates are charged at a zero rate per annum.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Sales 1,462 135.80
Ground Floor Store 414 38.50
First Floor 1,000 92.90
Second Floor Edit 893 83.00

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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