Lot 96 - 16 Broad Street, Builth Wells, LD2 3DT

  • Unconditional Online Auction Sale
  • Guide Price* : £32,000+
  • Bedrooms: 1

Lot 96 - Investment Opportunity

Description

ONLINE AUCTION from 16th MAY-18th MAY

A substantial freehold building comprising ground floor shop, previously used as a gift shop, and a maisonette sold off on a long leasehold.

Location
The property occupies a prominent position on the main high street within Builth Wells which is a well known tourist destination and especially known worldwide for the Royal Welsh Show.

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

Business Rates
Current rateable value is £2,250. The property is classified as ‘Shop and premises'.

Accommodation

Ground Floor: Retail sales area, storage space, wc
First Floor: Maisonette

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Retail Area 74.74 22.78
Staff Area 14.50 4.42
WC 5.25 1.6

Tenancies

Ground floor - vacant

The residential flat is a 999 year leasehold occupying basement, part ground floor, 1st and second floors.

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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