Lot 56 - Old Bank Buildings, The Square, Porth, CF39 9NP

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Lot 56 - Old Bank Buildings, The Square, Porth, CF39 9NP

Map view Bid now

Guide Price* : £75,000+

  • Unconditional Online Auction Sale

Residential/Commercial Investment

Description

ONLINE AUCTION from 7th DECEMBER-9th DECEMBER

Located on the square in Porth this property is an ideal investment.

Planning has been granted for the conversion of the commercial premises to flats with office/retail use to ground floor - planning reference 15/1492/10. Rhondda Cyon Taf Council are currently providing a number of grants, some of which may be applicable to the redevelopment of this property, please contact the council directly for more information regarding this.

The property is situated in a mixed use development area with a number of commercial and residential properties within close proximity. Additionally, Porth train station is a short walk away, and the M4 is a 30 minute drive. There is a regeneration strategy in place for the city, this includes plans for a new transport hub.

The property briefly comprises of three stories, all three floors currently being used as office space.

Gas, water and electric are present at the property (not tested). We have been advised that the top two floors are on a separate meter to the ground floor, therefore making it preferable for commercial/residential development.

VIRTUAL TOUR

Accommodation

Ground Floor: Retail space, office, 2 kitchenettes, wc
First Floor: 2 offices, wc
Second Floor: 2 offices, wc
Outside: Garden to rear

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* : £75,000+

  • Unconditional Online Auction Sale

Residential/Commercial Investment

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Paul Fosh Auctions

info@paulfoshauctions.com 01633 254044

Office Contact

Debra Bisley

debra@paulfoshauctions.com
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Lot 56 - Old Bank Buildings, The Square, Porth, CF39 9NP

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