Lot 18 - 30-32 Church Street, Ebbw Vale, NP23 6BG

  • Unconditional Online Auction Sale
  • Guide Price* : £315,000+

LOT 18 - Three Commercial Units and Five Tenanted Flats

Description

ONLINE AUCTION from 17th MAY-19th MAY

This property is located in a mixed use street, within town of Ebbw Vale.

The building is comprised of three commercial units and five flats, two of which are two bedroom flats and three, one bedroom flats. Two out of the three commercial units are currently tenanted as per the tenancy schedule below, all flats are currently tenanted and have good rental history.

The property has gas (not tested), electric and double glazing.

Based on our guide price and the current rental income this property has a 10.93% yield, and a potential 12.4% yield when including the predicted rental values of the commercial units (listed below).

Accommodation

The tenancy schedule is as follows:

Floor Description Rent
Ground Floor Commercial Unit 1 £385 pcm
Ground Floor Commercial Unit 2 £385 pcm (Tenancy to commence shortly)
Ground Floor Commercial Unit 3 £385 pcm (Predicted)
First Floor Flat 1 - 2 bedrooms £400 pcm
First Floor Flat 2 - 2 bedrooms £475 pcm (12 month AST)
First Floor Flat 3 - 1 bedroom £425 pcm
Second Floor Flat 4 - 1 bedroom £375 pcm (long term tenant)
Second Floor Flat 5 - 1 bedroom £450 pcm
Monthly Total £3,280 pcm
Annual Total £39,360 pa

Tenancies

Commercial units to the ground floor are to be sold with vacant possession.
All flats are tenanted and have AST agreements.

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. 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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Paul Fosh Auctions
01633 254044

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