Lot 19 - 24 Victoria Square, Aberdare, Mid Glamorgan, CF44 7LB
Guide Price* : £89,000+
- Unconditional Online Auction Sale
Lot 19 - Commercial Investment with Development Potential
Description
ONLINE AUCTION from 1st September-3rd September
A prominent three-storey commercial property located within Aberdare Square, in the heart of Aberdare town centre, currently occupied at ground-floor level by Betfred.
The property provides commercial accommodation at ground-floor level with additional accommodation arranged over the first and second floors.
The ground-floor commercial premises are let to Betfred on a 10-year lease from 25 March 2025, expiring 24 March 2035, at a current rent of £12,000 per annum, with a rent review on 25 January 2030.
The existing occupational lease relates to the ground-floor commercial accommodation only. The first and second floors are not included within the tenant's demise.
The first and second floors have not been internally inspected, and their current condition is therefore unknown.
Access is available to the rear of the property via a shared access, which may provide potential for the upper floors to be converted or redeveloped to provide residential accommodation, subject to obtaining all necessary planning permissions, building regulations and other statutory consents.
The property represents an attractive opportunity to acquire an income-producing commercial investment with further development and asset management potential, prominently located within Aberdare Square.
Tenancies
The ground floor is let to Done Brothers (Cash Betting) Limited, trading as Betfred, for a term of 10 years from 25 March 2025, expiring 24 March 2035, at a current rent of £12,000 per annum, with a rent review on 25 January 2030. The occupational lease relates to the ground floor only.
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
Lot 19 - Commercial Investment with Development Potential
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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