Lot 32 - Site at Old Coach Works, Berw Road, Pontypridd, CF37 2AB

  • Unconditional Online Auction Sale
  • Guide Price* : £395,000+
  • Bedrooms: 0

Lot 32 - Eight Tenanted Units and Yard with Potential for Further Units

Description

ONLINE AUCTION from 11th APRIL-13th APRIL

The site is currently comprised of eight tenanted industrial units and a tenanted yard. The tenants range from mechanics, car wash, caravan storage and body repair technician.

Currently generating an annual rental of £67,800 this property would make an ideal investment.

Subject to the relevant consent, additional units may be generated on the top floor of the unit. The current vendor anticipates space for a further six units

Additionally, there is unused land to the front of the site which may offer potential for further development.

Location
An industrial site located on the edge of Pontypridd town centre, measuring approximately 2.2 acres.

The site can be accessed directly from Berw Road and currently accommodates a number of light industrial units and a yard.

Situated close to Pontypridd town centre, with all its local amenities and service providers. The site benefits from good road links with the nearby A470 providing access to Cardiff city centre to the south and Merthyr Tydfil and Brecon to the north.

Services
Benefits from water and electric (not tested).

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

VIRTUAL TOUR

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Unit 1-Body Repair Technician FRI/IRI TBC TBC £750 pcm
Unit 2-Mechanic tbc tbc tbc £600 pcm
Unit 3-Car Wash tbc tbc tbc £600 pcm
Unit 4-Leisure tbc tbc tbc £400/£450 pcm
Unit 5-Mechanic tbc tbc tbc £500 pcm
Unit 6-Bike Mechanic tbc tbc tbc £500 pcm
Unit 7-Mechanic tbc tbc tbc £500 pcm
Unit 8 (Ground Floor) tbc tbc tbc £800 pcm
Unit 8 (Top Floor) Vacant Vacant Vacant Vacant
Yard-Caravan Storage tbc tbc tbc £1,000 pcm

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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