Lot 51 - 5 Beaufort Street, Brynmawr, Ebbw Vale, NP23 4AE
Lot 51 - 5 Beaufort Street, Brynmawr, Ebbw Vale, NP23 4AE
Guide Price* : £39,000+
- Unconditional Online Auction Sale
Lot 51 - Commercial Investment with Established Tenants
Description
ONLINE AUCTION from 19th MAY - 21st MAY
A two-storey freehold mixed-use property located on Brynmawr High Street.
The ground floor is let to Ladbrokes, a national tenant who has occupied the premises since 2005 (20+ years). The property currently produces an annual rental income of £5,500. We have been informed by the landlord that a new lease for a term of 10 years, with a 5-year break clause, and is currently unexpired.
The first floor comprises residential accommodation, accessed internally via the shop. This area is currently unused, presenting asset management potential, although its condition and status are unknown as it has not been inspected.
Tenancies
Ground floor is let to Ladbrokes
First floor residential accommodation is unused
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* : £39,000+
- Unconditional Online Auction Sale
Lot 51 - Commercial Investment with Established Tenants
Viewing
Paul Fosh Auctions
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.
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.