Lot 77 - Former Riverside Bar, Pontypridd Road, Porth, CF39 9PL

  • Unconditional Online Auction Sale
  • Guide Price* : £139,500+

Addendum

The guide price has been increased.

LOT 77 - Investment Opportunity

Description

ONLINE AUCTION from 26th JULY-28th JULY

This former bar and restaurant is located in the town of Porth and backs on to the Rhondda river, the property benefits from being positioned on Pontypridd Road, one of the main thoroughfares through the town.

The property benefits from four entrances to the front and side of the building, one which provides access to the top floor residential accommodation. The other two lead directly into the open plan former bar/restaurant area. The 4th leads to the beer store. Subject to the relevant consent, the ground floor may be divided into two commercial units or kept as a bar/restaurant. There is also a good sized kitchen area, and balcony to the rear which provides scenic views.

The top floor of the property is briefly comprised of four bedrooms, with a sink/plumbing for a sink in each room. There is a large communal area/living room which may lend itself to being converted into two separate bedrooms (subject to the relevant consents). Additionally there is 2 bathrooms, kitchen and balcony area overlooking the river.

There are plenty of transport links within close proximity, with a bus stop directly outside and Porth railway station approximately a one minute walk away, making it an ideal commercial location.

Accommodation

Ground Floor: Open plan trading area, male wc, female wc, kitchen, large balcony
First Floor: 4 bedrooms, communal area/living room, kitchen, 2 bathrooms, balcony

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.

Loading the bidding panel...

Office Contact

Viewing

Paul Fosh Auctions
01633 254044

Documents

Legal Documents

Log in to view legal documents

Related Documents

Share