Lot 47 - 134/135 High Street, Merthyr Tydfil, Mid Glamorgan, CF47 8DN

  • Unconditional Online Auction Sale
  • Guide Price* : £230,000+

Lot 47 - Commercial/Development Opportunity

Description

ONLINE AUCTION from 26th JULY-28th JULY

A substantial freehold building with three floors of accommodation. The property is situated on a prominent corner position within the pedestrianised area of Merthyr Tydfil town centre with a number of both local and national traders close by. There are currently two vacant commercial units with ancillary accommodation over offering scope to convert to residential either 4 or 5 flats or HMO (subject to necessary planning consents)

The town of Merthyr Tydfil is currently enjoying a good level of investment and regeneration and it may be possible for local authority grants (all enquires via local authority). There are a number of both local and national retailers close by including estate agents, banks & pubs and restaurants.

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Accommodation

Floor Description Area Sq Ft Area Sq M
Ground 134 - Retail sales area and basement (no internal inspection)
Ground 135 - Retail sales area 542 50
Ground Rear storage/office space 914 84
First Partitioned into 4 areas 1290 119
Second Floor Partitioned into 3 areas 845 78
Total 3591 Total 331

All measurements are approximate and should be checked by interested parties prior to bidding

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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