Lot 52 - 30 High Street, Ty Gloch, Bell Lane, Brecon, LD3 9EE
- Unconditional Online Auction Sale
- Guide Price* : £695,000+
- Bedrooms: 2
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Lot 52 - Retail Unit and x10 Flats - fully tenanted
Description
ONLINE AUCTION from 11th APRIL-13th APRIL
Renovated in 2016 this substantial, grade II listed building is comprised of ten high quality apartments and a ground floor shop. Additionally there is a dilapidated outbuilding which has approved planning permission for two cottages, both with two bedrooms.
There is a mixture of studios, one and two bedroom apartments. The building itself has eight apartments accessible via a communal side entrance. To the rear are two further apartments which share a communal entrance also. The outbuilding can be accessed from the rear of the building. The shop is accessible from the main High Street and has a prominent position within Brecon's well regarded shopping area.
All apartments are currently occupied and are achieving a total annual income of £63,900. The ground floor shop is currently occupied by an antiques dealer and is achieving an annual income of £10,200.
Location
The ground floor retail unit is located on a prominent position on the main High Street in Brecon. The property gains plenty of footfall, and is situated amongst local and national retailers such as Santander, Peacocks and Specsavers.
The flats are located on Bell lane which can be accessed via the walkway next to ‘The Original Factory Shop’.
Brecon is the third largest town In Powys and benefits from an influx of tourism, particularly in the summer months. Due to its ideal location at the northern point of the Brecon Beacons National Park, it is surrounded by scenic walking/biking routes and offers visitors access to some of the idyllic settings that this area of outstanding natural beauty has to offer.
Planning Permission
There is a dilapidated outbuilding to the rear which has planning permission granted for 2, two bedroom cottages.
Approved Planning Reference: 17/15055/FUL with listed building consent also being approved on Ref: 17/15056/LBC.
Further information is available on the Breacon Beacons planning portal.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that no VAT is applicable on this sale.
Accommodation
| Floor | Description | Rent |
|---|---|---|
| Ground Floor | Retail Unit | £850 pcm |
| Apartment 1 | Kitchen/living room/bedroom, shower room | AST at £525 pcm |
| Apartment 2 | Entrance hallway, living room, bedroom, shower room | AST at £525 pcm |
| Apartment 3 | Entrance hallway, kitchen/living/dining room, shower room, bedroom | AST at £525 pcm |
| Apartment 4 | Entrance hallway, kitchen/living/dining room, shower room, bedroom | AST at £525 pcm |
| Apartment 5 | Kitchen/living room, bedroom, shower room | AST at £525 pcm |
| Apartment 6 | Entrance hallway, kitchen/living/dining room, shower room, bedroom | AST at £525 pcm |
| Apartment 7 | Entrance hallway, kitchen/living room, shower room, 2 bedrooms | AST at £575 pcm |
| Apartment 8 | Entrance hallway, kitchen/living room, shower room, 2 bedrooms | AST at £575 pcm |
| Apartment 9 | Kitchen/dining room, living room, shower room, 2 bedrooms, utility area, courtyard garden | AST at £575 pcm |
| Apartment 10 | Kitchen/dining room, living room/bedroom, shower room | AST at £450 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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
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