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Please Note: 82a will be sold with vacant possession.
ONLINE AUCTION from 30th AUGUST-1st SEPTEMBER
The property is comprised of two commercial units, two, 1 bedroom flats and two, 2 bedroom flats.
Location
Located in an established high street on one of the main thoroughfares through Penygraig this property would make an ideal investment.
Services
The property benefits from water and electricity (not tested).
Business Rates
No.82 - Current rateable value is £3,100. The property is classified as 'Shop and premises'.
No.83 - Current rateable value is £3,450. The property is classified as 'Shop and premises'.
VAT
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).
A
Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
---|---|---|---|---|
No.82 - Flower Shop | FRI | 11.04.2022 | 12 months | £400 pcm |
No.82a - 2 Bed Flat | AST | 01.06.2021- (section 21 has been served, court proceedings have been actioned. Tenant due to vacate on 5th Sept). | 6 months | £425 pcm |
No. 82b - Maisonette | AST | 08.12.2017 | 6 months | £325 pcm |
No.83 - Flower/Sweet Shop | FRI | 14.01.2022 | 12 months | £400 pcm |
No.83a - 2 Bed Flat | AST | 08.07.2022 | 6 months | £375 pcm |
No.83b - 1 Bed Flat | AST | 19.07.2021 | 12 months | £375 pcm |
Total | 27,600 pa |
Advised Freehold - to be verified by solicitor
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.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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