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ONLINE AUCTION from 16th MAY-18th MAY
A mixed use development comprised of a ground floor retail unit with the upper floors having planning consent for flats. Additionally, there is a two storey double garage to the rear.
The ground floor café is currently tenanted on a 3 year lease with a rental payment of £500 pcm.
Full planning has been granted to turn the first and second floor into two, 2 bed flats, and we anticipate a rental amount of £500 pcm each when converted. To the rear of the property there is a two storey double garage that previously achieved a rental income of £200 pcm.
The property is located along Cemetery Road, only 0.7 miles away from Porth train station. The property is within close proximity to a range of local amenities and retailers including Lidl and Aldi.
The property benefits from gas, water and electric (not tested).
The property is classified as shop and premises, there is no rateable value available online.
We have been advised that there is no vat due on the sale of this property.
The ground floor retail unit is currently tenanted on a 3 year lease and is currently paying £500 pcm.
First floor – vacant
Second floor – vacant
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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