Lot 69 - 46 Wind Street, Neath, SA11 3EN
- Unconditional Online Auction Sale
- Guide Price* : £245,000+
- Bedrooms: 0
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Addendum
Please Note: There may be an option to achieve an additional income from the service yard to the rear. Iceland currently use the service yard and have reportedly offered £5,000 for its continued use.
Lot 69 - Commercial Development with Planning for Eight Flats
Description
ONLINE AUCTION from 4th OCTOBER-6th OCTOBER
A former retail unit with planning consent for eight self-contained flats, to the ground and first floor, and an A1 retail unit to the ground floor.
The ground floor is currently comprised of an open plan retail area with fitting rooms and fire escape. The top floor is comprised ancillary accommodation, office, kitchenette and toilet facilities. There is a fire escape leading to a well maintained flat roof and car park. There is approximately 247 sq m (2,957 sq ft) of retail space.
The shop benefits from a return frontage with an additional rear loading access via a shared service yard off High Street West.
Location
Located in a prime retail position in Neath town centre, this property benefits from a corner position on the intersection of Wind Street and Green Street. Located directly opposite the newly developed leisure centre and library this property is ideally located. There are a number of independent, local and national traders within close proximity, namely, Marks and Spencer, Wilko and Argos.
The town of Neath has a bustling town centre with an excellent range of shops and amenities and great road links to Swansea and the M4 motorway.
Planning Permission
Planning consent has been granted for retention of the ground floor retail (A1) unit and creation of eight self-contained flats on ground and first floor. Further information can be found via Neath Port Talbot County Borough Council, planning reference P2021/0535.
Services
The property benefits from water and electric (not tested).
Grants
The property is located in a business development area and therefore the building may be applicable for a grant. We have been advised by the current vendor that they have enquired about obtaining a grant and have had a positive response.
Business Rates
We have been advised that this building is currently exempt from business rates.
VAT
We have been advised that there is no VAT applicable on the sale of this property
Please Note: There may be an option to achieve an additional income from the service yard to the rear. Iceland currently use the service yard and have reportedly offered £5,000 for its continued use.
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
|---|---|---|---|
| Ground Floor | Retail Area | 3,342 | 310.52 |
| Fitting Room | |||
| First Floor | Ancillary | 1,700 | 157.93 |
| Office | |||
| Kitchenette | 195 | 18.12 | |
| Male WC | |||
| Female WC |
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
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