Lot 87 - 14-15 Hannah Street, Porth, CF39 9PU

  • Unconditional Online Auction Sale
  • Guide Price* : £55,000+
  • Bedrooms: 0

Lot 87 - Commercial Investment

Description

ONLINE AUCTION from 16th MAY-18th MAY

A substantial, semi-detached freehold building comprising a double fronted ground floor shop unit and ancillary accommodation above. The property would be ideal as either one large commercial unit or may have scope to convert into two shops with residential over (subject to necessary planning consents).

Location
The property occupies a prominent position within the High Street. There are a number of national and local retailers within close proximity including Newlook, Greggs and Allied Pharmacy.

Business Rates
The property is currently listed as shop and premises and has a rateable value of £11,250.

VAT
We have been advised that no VAT is due on the sale of this property.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Retail Sales Area 1,041 96.7
First Floor 237 22.0
Total 1,278 118.7

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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