Lot 40 - 36 & 37 Commercial Street, Blaenllechau, Ferndale, CF43 4NN

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Lot 40 - 36 & 37 Commercial Street, Blaenllechau, Ferndale, CF43 4NN

Addendum

Please Note: The ground floor shop is tenanted.

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Guide Price* : £65,000+

  • Unconditional Online Auction Sale
  • 2 Bedrooms

Lot 40 - Mixed Use Development

Description

ONLINE AUCTION from 25th JULY-27th JULY

The property briefly comprises of a ground floor convenience store, a two bedroom first floor flat and two, one bedroom lower ground flats. Additionally, there is a small garden to the rear of the property.

The building was originally two separate buildings, however have been converted into one, which provides the convenience store to the ground floor with a double shop front. Subject to the relevant consents there may be scope to convert this back into two buildings.

The ground floor commercial premises is currently tenanted and achieving £260 per month, it is suggested that the market value would be approximately £550 per month however the tenants have been in situ for 10+ years and have shown to be reliable tenants during this time.

Located on the top floor of the property is a two bedroom flat. Additionally, there are 2, one bedroom flats to the lower ground floor which require renovation. Once complete it is anticipated that the lower ground flats could achieve a monthly rental of £400 per month each, and the first floor flat a month rental of £650 per month.

Location
Situated in the village of Blaenllechau, amongst other mixed use developments. The area is predominately residential and benefits from the ground floor of this property being a convenience store. The property is approximately a 10 minute walk to the town of Ferndale which provides amenities and transport links.

Services
The property benefits from gas, water and electric (not tested).

Business Rates
We have been advised that the current rateable value for this property is £2,750 with the premises being classified as ‘shop and premises’.

VAT
We have been advised that this sale is not applicable for VAT.

VIRTUAL TOUR

Council Tax Band

A

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Convenience Store Retail Space 421.19 39.13
Kitchen 61.35 5.67
Storage Room
WC
First Floor Flat 1 Living Room/Kitchen 339.06 31.5
Bedroom 1 59.41 5.52
Bedroom 2 120.13 11.16
Bathroom 74.27 6.9
Lower Ground Floor/Basement Flat 2 Living Room/Kitchen 158.22 14.7
Bathroom 40.25 3.74
Bedroom 69.31 6.44
Lower Ground Floor/Basement Flat 3 Living Room/Kitchen 96.12 8.93
Bathroom 71.04 6.6
Bedroom 68.67 6.38

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Brian's General Store Statutory Periodic 02.04.2012/present 6 months £60 per week

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* : £65,000+

  • Unconditional Online Auction Sale
  • 2 Bedrooms

Lot 40 - Mixed Use Development

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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 - 36 & 37 Commercial Street, Blaenllechau, Ferndale, CF43 4NN

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