COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 09 September 2020 | Lot 6

97 Bailey Street, Brynmawr, Blaenau Gwent, NP23 4AN

Sold £54,000

  • Mixed Use
  • 1 Bedroom
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 09/09/2020

Auction Time

12:00

Auction Venue

ONLINE ONLINE,

Viewing Times:

Wed 19 Aug

12:00-12:30

Wed 26 Aug

12:00-12:30

Wed 2 Sep

12:00-12:30

Tue 8 Sep

12:00-12:30

Mixed Use Property

A mid terraced mixed use property comprising of a former ironing shop to the ground floor, which was previously let successfully over the last 15 years which has only just recently become vacant, with a vacant one bedroom flat to the first floor which is ready to rent out. The commercial element was previously let at £320 per calendar month. In our opinion, the first floor flat could be let for a minimum of £300 per calendar month. Therefore, the property has the potential of generating an income in excess of £7000 per annum. The property is located in a good central position within the town, having good access to the A465 (Heads of The Valleys Trunk Road) and also the larger towns of Merthyr Tydfil and Abergavenny.

Tenure

See Legal Pack

Ground Floor

Communal Entrance doorway, shop not inspected.

First Floor Flat

Landing, lounge, bedroom, kitchen and shower room.

Viewing Schedule

Wednesday 19th August 12.00 - 12.30 Wednesday 26th August 12.00 - 12.30 Wednesday 2nd September 12.00 - 12.30 Tuesday 8th September 12.00 - 12.30

Energy Efficiency Rating (EPC)

Current Rating TBC

Local Authority

Blaenau Gwent County Borough Council

Solicitors

Lewis & Lines, Commercial Chambers, High Street, Abertillery, NP13 1YB, Ref: Kevan Lines, Tel: 01495 212286

Additional Fees

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.