ONLINE AUCTION from 12th APRIL-14th APRIL
An opportunity to acquire an impressive commercial investment opportunity comprising both ground floor and first floor units/offices let to established tenants who are keen to remain.
This impressive property has been well maintained and benefits from gas central heating (not tested) to the ground floor and underfloor heating and gas central heating to the first floor (not tested). There is a total internal floor space of 135 sq. mtrs . There are residential units to either side and there may be scope in the future for change of use to residential (either as two flats or one spacious dwelling subject to neccessary planning consents).
The town of Cwmbran benefits from an excellent range of amenities and shopping facilities including the Cwmbran shopping centre. There are excellent road links to the M4 and Newport and Cardiff and the Prince of Wales bridge to Bristol.
Ground Floor: Communal entrance, reception room, 2 x treatment rooms, w/c
First Floor: Landing, reception room, photography studio room, kitchenette w/c
Second Floor: Office/attic room
Ground Floor is let to the foot clinic on a 12 month lease at £6,876 P/A
First Floor is let to Picture Photography UK at £7,344 P/A
Total Annual Income £14,220
Advised Freehold - to be verified by solicitor
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. 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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