Lot 70 - 79/80 Hannah Street, Porth, Mid Glamorgan, CF39 9PY

  • Unconditional Online Auction Sale
  • Guide Price* : £110,000+

Lot 70 - Commercial Investment/Development Opportunity

Description

ONLINE AUCTION from 26th JULY-28th JULY

A substantial freehold building comprising a ground floor retail unit and 3 floors of ancillary accommodation above. The building is let to Ladbrokes the bookmakers however we are informed that there may be scope to renegotiate the lease for occupation of the ground floor to allow future development of the upper floors to residential.

The upper floors should offer the potential to develop 4 possibly 5 flats subject to planning and would be in an ideal location for letting. The town of Porth is currently seeing a huge amount of regeneration and investment with the ongoing development of the Transport hub just opposite the property. There may be an opportunity for Grants and all enquires should be made via the local authority.

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 or email rhys@paulfoshlettings.com for invaluable advice.

VIRTUAL TOUR

Accommodation

Please note no internal inspection was available on the ground floor however we believe it comprises
Ground Floor: Retail sales area, rear offices and kitchen and w/c
First Floor: Landing, 4 rooms
Second Floor: 2 rooms
Third Floor: 2 rooms

Tenancies

The property is Let on 5 year lease from 2020 at £12,750 p/a

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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01633 254044

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