Lot 68 - 2 Hanbury Square, Bargoed, Mid Glamorgan, CF81 8QQ
Lot 68 - 2 Hanbury Square, Bargoed, Mid Glamorgan, CF81 8QQ
Guide Price* : £89,000+
- Unconditional Online Auction Sale
Lot 68 - Vacant Retail Unit with Potential
Description
ONLINE AUCTION from 1st September-3rd September
A substantial three-storey mid-terraced commercial property prominently situated within Hanbury Square in the centre of Bargoed, close to a range of established retailers, businesses and local amenities.
The property was formerly occupied as a pet shop and dog grooming business and comprises ground-floor retail accommodation, with the upper floors currently providing ancillary and storage accommodation.
We have been informed that the ground-floor retail unit could potentially achieve a rental income in the region of £1,000 per calendar month (£12,000 per annum), subject to condition, specification, lease terms and market demand.
The upper floors offer potential for residential conversion or redevelopment, which could provide additional accommodation or flats, subject to the necessary planning permissions, building regulations and consents.
The property is offered with vacant possession and would be suitable for investors, developers or owner-occupiers.
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* : £89,000+
- Unconditional Online Auction Sale
Lot 68 - Vacant Retail Unit with Potential
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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