Lot 77 - Former Riverside Bar, Pontypridd Road, Porth, CF39 9PL
- Unconditional Online Auction Sale
- Guide Price* : £139,500+
- Bedrooms: 4
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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/land transaction tax (LTT). 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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
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