ONLINE AUCTION from 17th MAY-19th MAY
Situated in the heart of Maesteg, this imposing building offers much potential. To the ground floor the property is occupied and currently achieving £6,000 PA.
The current tenancy is due for renewal July 2023.
To the first and top floor the property offers a sizeable area with potential to convert into further office space or even residential units (subject to any necessary planning consents). To the rear the property has parking for two vehicles.
The property is located on Talbot Street in Maesteg which is a busy high street and benefits from a good level of footfall.
Ground Floor: Shop area, disabled toilets, kitchenette, staff toilet
First Floor: Large Room, office
Outside: Large room, WC
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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Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.