Lot 82 - 58 Windsor Road Griffithstown, Griffithstown, Pontypool, Gwent, NP4 5HY
Guide Price* : £55,000+
- Unconditional Online Auction Sale
- 1 Bedroom
- |
- 1 Bathroom
Lot 82 - Mixed-Use Opportunity
Description
ONLINE AUCTION from 1st September-3rd September
A three-storey mixed-use property prominently situated on Windsor Road, Griffithstown, comprising a ground-floor retail unit with residential accommodation above and further potential to the rear.
The ground-floor retail unit is currently occupied by Mrs Bouquets on a rolling tenancy at £100 per week (£5,200 per annum).
The upper-floor flat was previously let but is now in need of refurbishment and modernisation. Once refurbished, we understand the accommodation could potentially achieve in the region of £500 pcm (£6,000 per annum).
To the ground floor rear is additional accommodation which was previously used as a flat but is currently utilised as storage in connection with the shop. This area may offer potential for reinstatement or alternative use, subject to the necessary consents.
The property also benefits from rear access.
An opportunity for investors and developers to acquire an income-producing mixed-use property with scope to refurbish, enhance the rental income and potentially reconfigure the existing accommodation, subject to all necessary planning and statutory consents.
Tenancies
The retail unit is currently occupied by Mrs Bouquets on a rolling tenancy at £100 per week (£5,200 per annum). The remaining accommodation is 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.
Bidding open
- Unconditional Online Auction Sale
- 1 Bedroom
- |
- 1 Bathroom
Lot 82 - Mixed-Use Opportunity
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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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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