Lot 67 - 30 High Street, Neath, West Glamorgan, SA11 3GA

  • Unconditional Online Auction Sale
  • Guide Price* : £215,000+
  • Bedrooms: 0

LOT 67 - Development opportunity

Description

ONLINE AUCTION from 17th MAY-19th MAY

A substantial freehold corner building with planning for 4 flats, an office and retail unit. The property occupies a prominent position within Neath town centre and is close to other retailers and parking. The property has had significant work and is up to first fix electrics and plumbing with sprinkler system installed and some initial partitions installed.

The town of Neath has a bustling town centre with an excellent range of shops and amenities and great road links to Swansea and the M4 motorway. The property is sold with vacant possession, however we have been informed there is a waiting tenant for the shop and the residential units should see a high demand for rental when completed .

Accommodation

Ground Floor: Entrance to retail sales area to front with access to yard at the rear. Communal side door and hallway with access to flats & area for office space (refer to plans)
First Floor: Space for proposed flat 1 & 2 (refer to plan)
Second Floor: space for proposed flats 3 & 4 (refer to plan)
Outside: Small yard area

Tenancies

To be sold with vacant possession but could achieve a potential rental income as advised by a letting agent as the following:
Flat 1 - £525pcm
Flat 2 - £560pcm
Flat 3 - £525pcm
Flat 4 - £600pcm
Retail - £750pcm
Office - £300pcm
Total circa £39k income

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.

Loading the bidding panel...

Viewing

Paul Fosh Auctions
01633 254044

Office Contact

Documents

Related 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.

Share