ONLINE AUCTION from 17th MAY-19th MAY
An opportunity to acquire an industrial unit with office space and further industrial unit both let and vacant yard area. The units are situated on a site in the village of Llanbradach which lies approximately 10 miles from Junction 28 on the M4 motorway and Newport. The yard area may offer scope to part fence and gate to create a compound.
Unit A: Industrial unit and office approx 2,500 Sq ft
Unit B: Approx 400Sq ft
Outside: Area with scope to fence and gate and secure with parking
Unit A let on 5 year lease at £800 pcm
Unit B let in 5 year lease at £650 pcm
Total annual income £17,400 (£1450 pcm)
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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