Lot 83 - 6-6a, Commercial Road, Llanhilleth, Abertillery, Gwent, NP13 2JA
Guide Price* : £68,000+
- Unconditional Online Auction Sale
Lot 83 - Mixed-Use Investment Opportunity
Description
A mixed-use investment property occupying a prominent position within the centre of Llanhilleth. The property comprises a ground floor commercial unit together with a self-contained first floor flat benefiting from separate access.
The ground floor premises is currently let and producing an income of £425 per calendar month (£5,100 per annum). The first floor flat is currently vacant but is considered capable of achieving a rental income in the region of £500 per calendar month (£6,000 per annum) once let, providing a potential combined income of approximately £11,100 per annum.
The property represents an ideal opportunity for investors seeking to add a mixed-use asset to their portfolio, with immediate income from the commercial element and the opportunity to increase returns through the letting of the residential accommodation.
Tenancies
To be sold subject to the existing commercial tenancy with vacant possession of the flat.
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* : £68,000+
- Unconditional Online Auction Sale
Lot 83 - Mixed-Use Investment Opportunity
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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