Lot 83 - 24 High Street, Ferndale, CF43 4RN
Guide Price* : £54,000+
- Unconditional Online Auction Sale
Lot 83 - Newsagents with Potential
Description
ONLINE AUCTION from 27th AUGUST-29th AUGUST
A two storey property comprising of a newsagents to the ground floor and ancillary accommodation above. There is also an attic space which has been fully boarded.
Subject to the relevant consents this property may be suitable for development. There are two access points to the property via the side which may enable separate access to the top floor. Additionally, there are a number of mixed-use properties in the area, therefore residential conversion may be possible.
The newsagents currently benefits from the following services: Pay point, lottery, alcohol licence.
To the rear of the property is a garden with two entrances.
The business is currently still trading, therefore the vendor is open to negotiations regarding the sale of the business. further information regarding this can be found in the legal pack.
Location
Situated on the main thoroughfare through the town of Ferndale, this property is prominently positioned occupying a corner position on the intersection of High Street and Cross Lake Street.
The property is situated amongst a number of mixed use developments and is withing close proximity to National retailers such as Greggs, Sheppards Pharmacy and Co-op.
Close to local amenities and local bus routes.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that there is no VAT due on the sale of this property.
Video Walkthrough
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
|---|---|---|---|
| Ground Floor | Retail Area | TBC | TBC |
| Ancillary 1 | 155.0 | 14.4 | |
| Ancillary 2 | 68.8 | 6.4 | |
| First Floor | Room 1 | 117.5 | 10.92 |
| Room 2 | 120.1 | 11.16 | |
| Bathroom | 40.68 | 3.78 | |
| Room 3 | 87.40 | 8.12 |
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* : £54,000+
- Unconditional Online Auction Sale
Lot 83 - Newsagents with Potential
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.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.