COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 15 July 2020

19-20 Commercial Street, Maesteg, Bridgend, CF34 9DF

*Guide | £90,000 + (plus fees)

  • Mixed Use
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 15/07/2020

Auction Time

12:00

Auction Venue

ONLINE ONLINE,

Mixed Use Investment

A substantial mixed use mid terraced building, to the ground floor is a vacant former tanning shop at no. 19 with a beautician at no.20 which is currently let. To the lower ground is a storage facility which is currently let. To the first floor is a spacious two bedroom flat which is currently let on an AST. The property is located in the heart of the town centre close to operators such as Peacocks, Ladbrokes and Principality Building Society. The town itself has good access to the M4 and the larger town of Bridgend. We are advised that the flat is currently let at £400 p/c/m, the storage unit is let at £100 p/c/m and the shop is let at £400 p/c/m. We understand that the shop at no.19 was previously let at £425 p/c/m. Therefore scope for betterment is offered from letting of the vacant shop unit from the current annual rental income of £15,300 to approximately £20,000 per annum. Accommodation (Not inspected but advised to comprise of the following)

Tenure

See Legal Pack

No.19 Former Tanning Shop

Main retail trading area with fully glazed display frontage, office, kitchenette, cloakroom w/c.

No.20 Complexions Beautician

Main retail trading area with attractive glazed display frontage, kitchen, w/c.

First Floor Flat (accessed from the rear)

20’ Lounge/Kitchen, two bedrooms, bathroom.

Storage Unit (accessed from the rear)

Measuring approximately 830sqft, accessed via electric roller shutter door, power and light.

Viewing Schedule

Auction House South Wales 02920 475184

Energy Efficiency Rating (EPC)

Current Rating TBC

Local Authority

Bridgend County Borough Council

Solicitors

DJM Solicitors, Axis Court, 16 Mallard Way, Swansea, SA7 0AJ, Ref: Robert Howells, Tel: 01792 656507

Additional Fees

Buyer's Premium - 0.6% inc VAT of the purchase price payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £840 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.