Retail premises for sale in 8 Commercial Street, Maesteg, Mid Glamorgan CF34
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
For sale by online auction on Tuesday, 16 Jul 2024 ending at 13:51
Bidding opens Monday 15th July 2024 at 13:00 and closes Tuesday 16th July 2024 at 13:00.
Bidding opens Monday 15th July 2024 at 13:00 and closes Tuesday 16th July 2024 at 13:00.Commercial InvestmentAn opportunity to acquire a fully let town centre retail investment, currently let and producing £6500 per annum, on a 10 year fr & I term from 31/7/2023. We are advised by (voa) that the property measures approximately 102.1 sqm/1099 sqft, set over two floors of accommodation. Based on the guide price, the investment presents a yield of 11.82%.
Nearby occupiers include jd Wetherspoons (adjacent), Ladbrokes, Subway, Bargain Booze, and Cash Generator amongst other local businesses. Good access is provided to the M4, and a local train station is within 500 metres of the property.
Tenure Advised FreeholdViewing Through Auction House Wales on .Tenure: See Legal PackEPC Rating: C
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
For more information about this property, please contact
Auction House South Wales Newport, NP20 on +44 1633 371581 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House South Wales Newport, and do not constitute property particulars. Please contact Auction House South Wales Newport for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.