Waiting for video...
The guide price has been reduced.
ONLINE AUCTION from 16th MAY-18th MAY
A four storey mixed used development.
Located on the ground floor of the building is a retail premises with staff room and wc, there is access to the lower ground floor which is comprised of two rooms and has access to the rear.
The first two floors have been granted planning consent for a one bed flat, the current vendor has completed the majority of the conversion however further work is required. Access to the flat is via a separate entrance.
It is anticipated that once finished the flat will achieve a monthly rental income of £450 pcm, and the commercial premises an approximate rental income of £750 pcm.
Located on main thoroughfare through the town of Ferndale this property is situated amongst a number of mixed used developments.
Planning consent has been granted for Change of use of first and second floors from office space used in association with ground floor retail unit (A1) to a one bedroom flat (C3). – see Rhondda Cynon Taf Council planning application 22/0325/10 for further information.
The property benefits from gas, water and electric (not tested).
This property currently has a rateable value of £5,100 and is listed as shop and premises.
We have been advised that not vat is due on the sale of this property.
|Floor||Description||Area Sq Ft||Area Sq M|
|Ground Floor||Retail Area||418.50||38.88|
|Lower Ground Floor||Room 1||285.45||26.52|
|First Floor||Room 1||310.10||28.81|
|Second Floor||Room 1||222.59||20.68|
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.