Lot 76 - 34 Commercial Street, Aberdare, CF44 7RW

  • Unconditional Online Auction Sale
  • Guide Price* : £85,000+

LOT 76 - Commercial Investment

Description

ONLINE AUCTION from 8th NOVEMBER-10th NOVEMBER

A three storey mid terrace commercial property situated on Commercial Street, close to a range of local amenities and shops and only a short distance from the main bus station. The property briefly comprises of a Ground Floor retail unit with basement storage, First and Second floor. Access to the first and second floor can be gained both internally from the rear of the shop floor, or via a rear door from a shared service area.

The vendor has recently been letting the salon on a chair rental basis which was achieving £110 per a week per a chair (x3 chairs). Additionally, the first floor of the property was being let got £300 per a month.

Location
Located in a prime retail area in Aberdare town centre this property would make the ideal investment. The property is situated within close proximity to independent and national retailers such as Iceland, Boots Pharmacy, The Works LTD and TUI. Located at the northern end of the Cynon Valley and less than 3 miles from the A465 Heads of the Valleys dual carriageway.

Services
Water and electric (not tested).

Business Rates
We have been advised that the property is currently exempt from business rates.

VAT
We have been informed that the property is exempt from paying VAT on the sale.

Planning Permission
The property has planning Consent for A3 usage. Planning was granted in 2009 under Application No 09/0050/10 for conversion to a retail unit with self-contained flat above. This has now lapsed but the property does offer potential for conversion (subject to planning).

Accommodation

Floor Size (Approx.)
Ground Floor 635sqft/59sqm
First Floor 608sqft/56.4sqm
Second Floor 401sqft/37.3sqm
Basement TBC
Total 1,644sqft/152.7sqm

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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