Lot 48 - Industrial Yard at Catherine Crescent, Porth, CF39 9AF

  • Unconditional Online Auction Sale
  • Guide Price* : £126,000+
  • Bedrooms: 0

Addendum

Guide price has been amended.

Lot 48 - Industrial Site with Outline Planning for 5 Residential Dwellings

Description

ONLINE AUCTION from 16th MAY-18th MAY

The property has most recently been used for plastic injection mounding but has had various different uses over the years. The site used to employ 60 members of staff but with the demand for plastic production in the UK decreasing the site now operates on a much smaller scale.

The site encompasses approximately 0.6 acres, and is comprised of five buildings and a parcel of land to the rear of the site which may allow for further development (subject to the relevant consents).

Location
Located in Porth, a 20 minute walk from Porth train station and 1 minute to the A4058, the main thoroughfare through Porth, this property is ideal for commuters. Furthermore, it is a 15 minute walk to Hannah Street, the main High Street in the town of Porth.

Planning Permission
There is outline planning consent for the proposed demolition of the existing buildings and residential development of the site (outline). Further information can be found via Rhondda Cynon Taff Council, reference number: 08/ 0596/13.

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

Business Rates
The site is listed on the register as factory and premises and has a rateable value of £14,500.

VAT
We have been advised that there is no VAT applicable on the sale of this site.

VIRTUAL TOUR

Accommodation

Floor Description Area Sq Ft Area Sq M
Building 1 Former canteen area and contains the power control room for the site 606.76 56.37
Building 2 Warehouse building 3758.21 349.15
Building 3 Recently been used as the main production site 2302.83 212.94
Building 4 A lean to extension off of the main production site and is divided into number of smaller units (spraying rooms) 785.33 72.96
Building 5 Two storey building and is comprised of a workshop to the ground floor and office space to the first floor 788.02 73.21

Tenancies

To be sold with vacant possession

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 £1,200) 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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