Lot 5 - 30 Taff Street, Pontypridd, CF37 4TR
Lot 5 - 30 Taff Street, Pontypridd, CF37 4TR
Addendum
The guide price has been increased.
Guide Price* : £118,000+
- Unconditional Online Auction Sale
Lot 5 - Former Athletic Club and Commercial Unit
Description
ONLINE AUCTION from 8th NOVEMBER-10th NOVEMBER
An opportunity to acquire a substantial freehold building comprising a vacant former social club and retail unit let on a long lease. The property occupies a prominent position with frontage on Taff Street and rear access on Morgan Street.
The upper levels would be ideal for a number of uses including conversion to residential or other commercial uses including restaurant/bar, offices or community use (subject to any necessary planning consents).
Location
The property is located in a prominent main road location surrounded by a number of professional occupiers with bus and train station close by, along with a number of town centre shops, restaurants and banks.
Services
The property benefits from gas, electric and water (not tested).
Business Rates
Current rateable value is £11,000. The property is classified as 'Shop and premises'.
Accommodation
Former Athletic Club
Ground Floor: Entrance with stairs to first floor
First Floor: Main bar area, skittle room, wc's, further rooms
Second Floor: Former managers accommodation comprising 3 rooms
and bathroom area
Shop Unit
Ground Floor: A number of sunbed units, kitchen area, wc
Outside: Parking located on Morgan Street
Tenancies
Let at £8000.00 pa. The ground floor shop unit is let to a well established sunbed shop with branches across South Wales and the south west of England.
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* : £118,000+
- Unconditional Online Auction Sale
Lot 5 - Former Athletic Club and Commercial Unit
Viewing
Paul Fosh Auctions
Office Contact
Gemma Vaughan
Documents
Auction Finance
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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