Lot 88 - The Croft, Queens Road, Merthyr Tydfil, CF47 0HE

Description

ONLINE AUCTION from 7th OCTOBER-9th OCTOBER

A large detached freehold property with mixed use businesses including a well established Air B n B and Cafe. Positioned on the sought after Queens road in peaceful Thomastown, The croft blends a two bedroom terraced house which sleeps up to 6 guests, a modern cafe with outside space, the building has character with a modern twist.

The main house has a welcoming porch that leads into a dining hall with two receptions with a log burner, there is a unique study under the stairs - handy as a home office. One reception opens to a farm house style kitchen with a ground floor WC. Upstairs are two bedrooms served by a family bathroom. The main house has been refurbished to a high standard and there is the option to purchase the furniture separately.

Outside, you can find a walled patio/courtyard with seating and perfect for dining and relaxing in the better weather.

The Air b n b has previously turned over circ £28,000 per annum, the legal pack has projected occupancy and nightly rates. The cafe is on a 5 year lease and is generating £1,000 per calender month. Bringing in a healthy annual yield of circa 10%, however can be offered with vacant possession upon completion if required.

The cafe is a modern well established business, with seating areas both internally and externally, the cafe also benefits from a large storage area and WC.

Location
Queens road is a sought-after residential area east of the town centre, dotted with period villas and pockets of parkland. Moments from Thomastown Park and within easy reach of Cyfarthfa Park, BikePark Wales and the Taff Trial. Excellent access to A470/A465; with direct trains to Cardiff Central. 

VIRTUAL TOUR

Tenancies

Main House - To be sold with vacant possession
The cafe is on a 5 year lease and is generating £1,000 per calendar month.

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.