Lot 40 - 97 Bailey Street, Brynmawr, Ebbw Vale, NP23 4AN

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Lot 40 - 97 Bailey Street, Brynmawr, Ebbw Vale, NP23 4AN

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Guide Price* : £98,000+

  • Unconditional Online Auction Sale
  • 2 Bedrooms

Commercial Unit with Two Bed Maisonette

Description

ONLINE AUCTION from 8th MARCH-10th MARCH

Newly refurbished shop with a two bedroom first and second floor maisonette, set in a good location with other retailers present on the terrace. The property is 2 minutes walk from Brynmawr high street and benefits from ample parking to the front and rear.

The property has a potential income of £1,000 per month (£450 for the flat, £650 for the shop), based on the guide price this would generate a 12% yield. The is property would make the ideal investment for a small business owner wishing to generate an additional income from upstairs.

The commercial unit is exempt from business rates.

Separate commercial and residential meters.

Grants may be available from the local council council.

VIRTUAL TOUR

Accommodation

Ground Floor: Commercial unit
First Floor: Living room, kitchen, bedroom
ISecond Floor: Bedroom with en-suite

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* : £98,000+

  • Unconditional Online Auction Sale
  • 2 Bedrooms

Commercial Unit with Two Bed Maisonette

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Paul Fosh Auctions

info@paulfoshauctions.com 01633 254044

Office Contact

Debra Bisley

debra@paulfoshauctions.com
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Documents

Lot 40 - 97 Bailey Street, Brynmawr, Ebbw Vale, NP23 4AN

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