Lot 79 - 17 Wind Street, Ammanford, SA18 3DN

  • Unconditional Online Auction Sale
  • Guide Price* : £168,000

Lot 81 - Mixed Use Investment Property

Description

ONLINE AUCTION from 26th JULY-28th JULY

Located on the main thoroughfare in the town of Ammanford, this mixed use development would make an ideal investment.

The ground floor of the property consists of an open plan shop floor area, inner hallway with wc and large kitchen/staff area with rear access.

The first floor of the flat is comprised of a two bedroom, tenanted flat which is achieving a rental income of £550 per a month. There is a separate entrance to the flat to the rear of the property. Additionally the flat has a private, gated yard.

To the rear of the property are two garages which are currently rented for £150 pcm.

The property has recently been fully refurbished. With a new roof to the rear, new boilers (not tested), separate gas and electric meters.

Accommodation

Ground floor: Open plan shop floor area, wc, kitchen/staff area
First Floor: 2 bedrooms, bathroom, kitchen, living room
Outside: Garages to rear

Accommodation

Property Description Lease Income
Property Tenancy Type Tenancy Term Rental (Monthly)
Commercial Unit Vacant N/A
Flat AST Agreement 6 month tenancy – Start date May 22 £550
Garages TBC 12 month tenancy – Start date Jan 22 £150 (£450 paid per quarter)

Tenancies

To be sold with vacant possession

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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