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ONLINE AUCTION from 31st JANUARY-2nd FEBRUARY
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%.
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.
The property benefits from electric and water (not tested).
We have been advised that the current rateable value for this property is £12,000 with the premises being listed as ‘shop and premises’.
There is no VAT due on this sale.
|Floor||Description||Area Sq Ft||Area Sq M|
|Ground Floor||Shopping Area||920||85.0|
|First Floor||Rear Storage Room||457.38||11.67|
To be sold with vacant possession
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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