Lot 81 - 67 High Street, Ferndale, CF43 4RR
Lot 81 - 67 High Street, Ferndale, CF43 4RR
Addendum
The property has been postponed from auction.
Guide Price* : £64,000+
- Unconditional Online Auction Sale
Lot 81 - Commercial Development with Planning for Three Flats and Commercial Unit
Description
ONLINE AUCTION from 9th APRIL-11th APRIL
A substantial four storey corner premises comprising an A3 takeaway premises to the ground floor, planning consent for 1 x one bed flat and 1 x two bed flat to the upper floors. The basement area is of head height and is currently used as a kitchen for food preparation. There is also scope to add another two bed flat (subject to the necessary planning consent).
The property has pointed stone and smooth cement rendered elevations with a glazed shop front to the ground floor and benefits from roller shutter coverings to ground floor openings.
Location
Located in the town of Ferndale, this property is prominently positioned on the intersection of Cross Street and High Street, the main thoroughfare through the town.
Ideal for commuters, this property is also located on the main bus routes.
Surrounding occupiers include Sheppards Pharmacy, Barclays Bank, Greggs as well as independent local retailers.
Planning Permission
Planning consent has been granted for Internal alteration to level No. 1, 2 and 3 to create 1 x one bedroom apartment, and 1 x two bedroom apartments, further details can be found via Rhondda Cynon Taff Council planning reference 21/0822/10.
Services
The property benefits from gas, water and electric (not tested).
Business Rates
The current rateable value is £4,000 with the property being listed as ‘shop and premises’.
VAT
We have been informed that there is no VAT due on the sale of this property.
Tenancies
To be sold with vacant possession
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* : £64,000+
- Unconditional Online Auction Sale
Lot 81 - Commercial Development with Planning for Three Flats and Commercial Unit
Viewing
Paul Fosh Auctions
Office Contact
Debra Bisley
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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