Lot 48 - Barron Villa, Bronllys Road, Talgarth, Brecon, Powys, LD3 0AA
Lot 48 - Barron Villa, Bronllys Road, Talgarth, Brecon, Powys, LD3 0AA
Addendum
Please note there is no VAT payable for this property.
Guide Price* : £85,000+
- Unconditional Online Auction Sale
Lot 48 - Tenanted Commercial Property
Description
ONLINE AUCTION from 23rd JULY-25th JULY
Location:
Situated in the town of Talgarth, this property is prominently positioned overlooking the A479, one of the main throughfares through the town.
The property is located within close proximity to a number of commercial units, there is a joinery to the rear of the property, and a livestock auctioneers to the front. Additionally, there are a number of independent retailers within close proximity. The area of Talgarth is predominantly residential, with a housing development situated to the rear of the property.
Description:
A semi-detached, two storey building of stone construction under a pitched roof. The property is comprised of six units, five of which are currently tenanted.
Unit 1 and 2 are located on the ground floor and are accessed to the front of the property. Both units are currently let and used as a professional photography studio. Units 3, 4 and 5 are currently let and are leased for storage. Unit 6 is currently vacant.
At present the property is currently achieving a rental annual rental income of £11,192.50. Based on the guide price this provides a rental yield of 13.7%.
To the front of the property there is parking for a number of vehicles.
Services:
Water, electric - not tested
Accommodation
| Floor | Area Sq Ft | Area Sq M |
|---|---|---|
| Unit 1 | 502 | 46.63 |
| Unit 2 | 303 | 28.14 |
| Unit 3 | 334 | 31.02 |
| Unit 4 | 265 | 24.61 |
| Unit 5 | 450 | 41.80 |
| Unit 6 | 446 | 41.43 |
Tenancy
| Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
|---|---|---|---|---|
| Unit 1 & Unit 2 | IRI | 01/01/2023 - 31/12/2026 | 3 Years | £4,427.50 per annum (exc vat) |
| Unit 3 | IRI | 01/01/2023 - 31/12/2026 | 3 Years | £1,837 per annum (exc vat) |
| Unit 4 | IRI | 17th April 2024/16th April 2025 | 1 Year | £2,160 per annum |
| Unit 5 | IRI | 1st July 2020 - 30th June 2023 | 3 Years | £2,250 per annum (exc vat) |
| Unit 6 | Vacant | Vacant | Vacant | Vacant |
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* : £85,000+
- Unconditional Online Auction Sale
Lot 48 - Tenanted Commercial Property
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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