Lot 77 - 13 & 15 Somerset Street, Abertillery, NP13 1DJ

  • Unconditional Online Auction Sale
  • Guide Price* : £82,000+

Addendum

The guide price has been reduced.

LOT 77 - Commercial/Residential Investment Opportunity

Description

ONLINE AUCTION from 8th NOVEMBER-10th NOVEMBER

A substantial freehold building comprising two ground floor commercial units and two flats over two floors above. The retail units comprise, one café with A3 A4 & A5 use and a former health shop with A1 & A2. The Flats are sold with one occupied on an AST agreement and the other vacant.

Location
The property is situated in the town centre with a number of both National and local traders and close to the main car park.

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

Business Rates
No.13: Current rateable value is £3,950. The property is classified as 'Shop and premises'.
No.15: Current rateable value is £2,800. The property is classified as 'Shop and premises'.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Cafe Entrance, seating area, counter/serving area, kitchen/preparation area, outside wc 505 47
Ground Floor Retail Unit Entrance, shop area, store 279 26
First Floor Flat 1 Entrance, kitchen, bathroom, lounge
Second Floor 2 bedrooms
First Floor Flat 2 Entrance, kitchen, bathroom, lounge
Second Floor 2 bedrooms
Outside Shared rear yard with outside wc for café and shop

Tenancies

Flat 2 let on an AST agreement at £5,400 pa
Shops and flat 1 vacant but should let in the region of £22,000/£25,000 pa when improved.

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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