Lot 21 - 18 Gelliwastad Road, Pontypridd, CF37 2BW

  • Unconditional Online Auction Sale
  • Guide Price* : £203,000+

LOT 21 - Commercial Investment

Description

ONLINE AUCTION from 13th DECEMBER-15th DECEMBER

A substantial two storey terraced property currently arranged as a funeral directors.

The property is currently tenanted on a fully repairing and insuring lease and is achieving an annual rental of £13,000 pa, with the current tenancy requiring renewal in November 2023.

This bay fronted property offers three rooms and a kitchen to the top floor, and two rooms, an office and two sets of wcs to the ground floor.

There are numerous access points, which may provide potential for further development (subject to the necessary consents).

Location
Located on Gelliwastad Road, one of the main thoroughfares through Pontypridd and into the town centre. The property is situated amongst a number of residential and commercial properties, including a osteopathic clinic, legal practice and coffee shop.

A three minute walk from Pontypridd bus station, and a 10 minute walk from the train station this property is ideally located for commuters.

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

Business Rates
TBC

VAT
We have been advised that no VAT is due to the sale of this property.

Outside
Further benefits include 3 parking spaces to the rear.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor WC
Disabled WC
Room 1 139.39 12.95
Office 1 90.41 8.4
Room 2/Reception 170.50 15.84
First Floor Room 1 142.72 13.26
Room 2 185.13 17.2
Room 3 87.18 8.1
Kitchen 124.32 11.55
Outside Outhouse to rear with parking for 3 vehicles

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Morgan T. Vowles Funeral Directors and Monumental Masons Fully repairing and insuring TBC TBC £13,000 per annum

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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