Lot 29 - Treorchy Hotel, 165 Bute Street, Treorchy, CF42 6DA
Lot 29 - Treorchy Hotel, 165 Bute Street, Treorchy, CF42 6DA
Guide Price* : £165,000+
- Unconditional Online Auction Sale
- 3 Bedrooms
Lot - Former Pub Ideal for Commercial Investment or Development Potential
Description
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER
Freehold building formerly operating as the Flamingo bar and previously as a public house. The property comprises two main function rooms, along with two smaller seating and bar areas. The upper floors provide residential accommodation including three bedrooms, a kitchen, and a living room. Parking is available to the rear.
The successful purchaser has the option to operate the premises as a pub or let it as a commercial investment. There is also potential for redevelopment into residential accommodation or flats, subject to the necessary planning consents.
We have been informed by the vendor that when the property was operating as the Flamingo Bar, it achieved approximately £550 per week in rental income. The property is offered with vacant possession as no tenancy is currently in place.
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* : £165,000+
- Unconditional Online Auction Sale
- 3 Bedrooms
Lot - Former Pub Ideal for Commercial Investment or Development Potential
Viewing
Paul Fosh Auctions
Joint Agent
Flying Keys
Office Contact
James Hollingsworth
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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