Lot 33 - 22 Dunraven Street, Tonypandy, CF40 1QG

  • Unconditional Online Auction Sale
  • Guide Price* : £73,000+

LOT 33 - Commercial Investment

Description

ONLINE AUCTION from 13th DECEMBER-15th DECEMBER

Appealing to a range of businesses, this freehold unit offers versatile usage (subject to planning permission). This property comprises of main shop area to ground floor and storage area, staff room and WC to the first floor.

The Property further benefits from rear access, free surrounding public car parks and time restricted parking to front. The property was most recently let to Shoezone and achieving an annual rental of £12,500 per annum, based on the currently guide price this is a yield of 17.11%.

Location
The property is positioned within Tonypandy’s main trading area with other large retail occupiers including Santander, Boots, Greggs, New Look, Iceland and Barclays. Tonypandy benefits from an excellent range of amenities and shopping facilities, with its mainline train station (Arriva Trains Wales) and excellent road links that include the A470 and M4.

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

Business Rates
We have been advised that the current rateable value for this property is £12,000 with the premises being listed as ‘shop and premises’.

VAT
We have been informed that there is no VAT due on this sale.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Shopping Area 920 85.0
Rear Corridor 63.99 5.75
First Floor Rear Storage Room 457.38 11.67
Kitchenette 56.48 5.70
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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Paul Fosh Auctions
01633 254044

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