House For Sale £65,000
For sale by auction on Monday, 05 Sep 2022 at 12:00
Venue: Online
An End of Terrace Retail Premises with Dilapidated Residential Unit
An end of terrace property comprising of a vacant retail unit to the ground floor and a dilapidated residential unit behind accessed from side lane. The upper floor has been sold off on a long leasehold basis. The building provides an opportunity to relet the retail premises and completely refurbish the rear residential unit along with obtaining the ground rent from the first floor flat.
We are advised that the reversionary interest of the self-contained first floor flat is sold off for a term of a 99 year lease from 24th January 1986 at a fixed ground rent of £25.00 per annum.
The building is located on the main high street within the convenient location of Aberkenfig, close to other neighbouring local operators, good access is offered to the M4 which is approximately 1 mile away.
Retail Unit (Approximately 676 sqft/62.9sqm)
Main retail area, store/staff room, w/c.
Rear Residential Unit (Approximately 560 sqft/52sqm)
Currently laid out with kitchen, lobby, shower, sep w/c, lounge, bedroom (window boarded up).
Viewings
Auction House Wales EPC Rating: C
Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Online
An End of Terrace Retail Premises with Dilapidated Residential Unit
An end of terrace property comprising of a vacant retail unit to the ground floor and a dilapidated residential unit behind accessed from side lane. The upper floor has been sold off on a long leasehold basis. The building provides an opportunity to relet the retail premises and completely refurbish the rear residential unit along with obtaining the ground rent from the first floor flat.
We are advised that the reversionary interest of the self-contained first floor flat is sold off for a term of a 99 year lease from 24th January 1986 at a fixed ground rent of £25.00 per annum.
The building is located on the main high street within the convenient location of Aberkenfig, close to other neighbouring local operators, good access is offered to the M4 which is approximately 1 mile away.
Retail Unit (Approximately 676 sqft/62.9sqm)
Main retail area, store/staff room, w/c.
Rear Residential Unit (Approximately 560 sqft/52sqm)
Currently laid out with kitchen, lobby, shower, sep w/c, lounge, bedroom (window boarded up).
Viewings
Auction House Wales EPC Rating: C
Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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