Lot 50 - 25 Station Road, Port Talbot, West Glamorgan, SA13 1NN

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Lot 50 - 25 Station Road, Port Talbot, West Glamorgan, SA13 1NN

Map view Bid now

Guide Price* : £295,000+

  • Unconditional Online Auction Sale

Lot 50 - Commercial/Residential Investment Opportunity

Description

ONLINE AUCTION from 29th AUGUST-31st AUGUST

A substantial freehold building comprising a ground floor restaurant/bar & four flats above. The restaurant is sold with vacant possession but was previously let at £20k p/a whereas the flats are let with an annual income of £20,940.

The restaurant has been refurbished in a modern contemporary style to a high standard and previously traded at a tapas bar but would suit other potential types of restaurants/bar use.

The property is situated in a prominent position in Port Talbot town centre close to other hospitality businesses, shops and amenities and just a short distance from the train station.

Virtual Tour:

Council Tax Band

A

Accommodation

Floor Description Rent
Ground Floor Restaurant & bar area with seats for 60 and ladies and gents w.c, kitchen prep area office/store and cellar approx. 2oo sq metres
First Floor Flat B (studio) - Entrance, lounge/bedroom, kitchen, bathroom £400 pcm
First Floor Flat C - Entrance hall, bedroom, lounge, kitchen, bathroom £450 pcm
Second Floor Flat D - Entrance, lounge, 2 bedrooms, bathroom, kitchen £400 pcm
Second Floor Flat A - Entrance, lounge/kitchen, 2 bedrooms, bathroom £495 pcm
Total annual income £20,940

Tenancies

Restaurant to be sold with vacant possession but previously let at £20K per annum
Total annual income from flats £20,940

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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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.

Guide Price* : £295,000+

  • Unconditional Online Auction Sale

Lot 50 - Commercial/Residential Investment Opportunity

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Paul Fosh Auctions

info@paulfoshauctions.com 01633 254044

Office Contact

Sean Roper

sean@paulfoshauctions.com 01633254044
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Lot 50 - 25 Station Road, Port Talbot, West Glamorgan, SA13 1NN

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