Lot 6 - 48-50 Bridgend Road, Aberkenfig, Bridgend, CF32 9BA

  • Unconditional Online Auction Sale
  • Guide Price* : £50,000 +

Addendum

Please note amended description

LOT 6 - Commercial and Residential Investment

Description

ONLINE AUCTION from 17th MAY-19th MAY

This lot comprises a terrace property and a ground floor retail unit.

Number 48 is arranged as a five bed terrace property currently let at £495. The tenant has occupied the property for around 18 years and is keen to remain..

The ground floor of number 50 is let on a 5 year contract (with break clause) and is currently generating £5400 PA rental income

The property is located close to local amenities and offers good road links to m4

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us on 01633 746800 or email rhys@paulfoshlettings.com for invaluable advice.

Accommodation

Number 48
Ground Floor: Lounge dining room, kitchen
First Floor: 5 bedrooms, bathroom

Number 50
Ground Floor: retail space, kitchenette toilet

Tenancies

Shop let at £5,400 pa
Flat let at £5,940 pa

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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