Lot 12 - 56 Bute Street, Aberdare, CF44 7LD

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

LOT 12 - Tenanted Commercial Unit with Two Vacant Flats

Description

ONLINE AUCTION from 31st JANUARY-2nd FEBRUARY

This property briefly comprises of a ground floor retail unit with two, one bedroom flats. The ground floor of the property is tenanted with a commercial tenant and is achieving a monthly rental of £325 per month.

The first floor of the property contains a one bedroom flat, comprised of a living room, kitchen, bathroom and bedroom. Second floor flat is comprised of a kitchen/living room, bathroom and a bedroom. Both flats would make ideal owner accommodation or rental properties. It is anticipated that each flat would achieve approximately £400 rental income per month.

Location
Located in a prominent position on the intersection of Bute Street and Cross Street, this property is ideally located in Aberdare town centre. The property is situated directly behind the main shopping thoroughfare through the town and benefits from being within close proximity to independent and national retailers such as Wilko, Argos and Subway.

The High Street car park is a 4 minute walk away, and Aberdare bus station a 2 minute walk.

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

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

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

Council Tax Band

A

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Shop WC 39.6 3.67
Kitchen 85.41 7.93
Retail Area 517.5 48.08
First Floor Flat 1 Bedroom 157.07 14.59
Kitchen/Living Room 282.02 26.20
Bathroom 55.44 5.15
Second Floor Flat 2 Bedroom 172.2 15.98
Living Room 145.18 13.49
Kitchen 136.85 12.71
Bathroom 60.04 5.58

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
CC Beauty Studio Internal Repairing & Insuring (Including windows) 12th January 2022 3 years £325 per month

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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