Lot 59 - 34 Penallta Road, Ystrad Mynach, CF82 7AN

  • Unconditional Online Auction Sale
  • Guide Price* : £68,000+

Lot 59 - Commercial/Development Opportunity

Description

ONLINE AUCTION from 8th NOVEMBER-10th NOVEMBER

An opportunity to acquire a mid terrace commercial property with ancillary accommodation above. This versatile property offers scope for use as a commercial/office or conversion to either two flats or one residential dwelling (subject to neccessarey planning consents).

Location
The vibrant town of Ystrad Mynach lies approx. 5 miles from Caerphilly and is convenient for access to the A469. There are a number of both national and local retailers in the town and a wealth of local amenities.

Services
The property benefits from water, gas and electric (not tested).

Business Rates
Current rateable value is £2,425. The property is classified as 'Dental laboratory & premises'.

VAT
We have been advised that VAT is not payable (to be confirmed by a solicitor).

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Retail area, rear office, store room, bathroom area 502 46.6
First Floor Landing, 3 rooms 509 47.3
Outside Rear garden area with lane access

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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Paul Fosh Auctions
01633 254044

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