Lot 26 - 39-40 Commercial Street, Tredegar, NP22 3DJ

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Lot 26 - 39-40 Commercial Street, Tredegar, NP22 3DJ

Map view Bid now

Guide Price* : £109,000+

  • Unconditional Online Auction Sale
  • 3 Bedrooms

Commercial & Residential Investment

Description

ONLINE AUCTION from 7th SEPTEMBER-9th SEPTEMBER

An opportunity to acquire two shops and a spacious first floor flat located on one of the main retail thoroughfares in Tredegar.

The two shop units both have long term tenants and occupy a prominent position in Tredegar town centre. There are a number of local and national retailers within close proximity, including: Home Bargains, Domino’s Pizza and Farmfoods.

The flat above offers sizeable living accommodation and could achieve around £425 pcm. We have been advised that the Mini Market is currently leased at a monthly rental of £400 pcm and IssyRoo currently paying £360 pcm.

The first floor comprises of a three bedroom, self-contained flat which is accessed from the rear. The flat offers good sized living accommodation and benefits from gas central heating provided by a combi boiler (not tested) and double glazed windows. We have also been advised by the current owner that the roof was replaced approximately 3 years ago.

The town of Tredegar is located in the county borough of Blaenau Gwent, approximately 1.5 miles south of the A465 Heads of the Valley road, and approximately eight miles north of Blackwood.

VIRTUAL TOUR

Accommodation

Floor Description Rent
Tredegar Mini Market Shop unit, kitchenette, toilet, door to rear £1,050 per quarter (£4,200 pa)
IssyRoo Shop unit, kitchenette, storage area, toilet £400 pcm (£4,800 pa)
First Floor Flat Kitchen, bathroom, 3 bedrooms, lounge/diner Could achieve £425 pcm (£5,100 pa)
Total £1,175 pcm (£14,100 pa)
Outside Rear gravelled garden, patio

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* : £109,000+

  • Unconditional Online Auction Sale
  • 3 Bedrooms

Commercial & Residential Investment

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Paul Fosh Auctions

info@paulfoshauctions.com 01633 254044

Office Contact

Gemma Vaughan

gemmav@paulfoshauctions.com 01633 254044
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Lot 26 - 39-40 Commercial Street, Tredegar, NP22 3DJ

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