COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 28 October 2020

15 & 16 High Street, Abertillery, Blaenau Gwent, NP13 1AG

*Guide | £120,000 + (plus fees)

  • Mixed Use
  • 3 Bedrooms
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 28/10/2020

Auction Time

12:00

Auction Venue

ONLINE ONLINE,

Town Centre Mixed Use Investment

A mixed use mid terraced three storey building comprising of a vacant ground floor former hairdresser which was successfully trading and occupied by the vendor for over 50 years along with 3 x one bedroom self-contained flats, 2 of which are currently let. The property has been well maintained by the current owners and benefits from double glazed (UPVC) fenestration in the residential element and independent gas central heating systems (not tested) from combination boilers. The building is located within the town centre opposite the redeveloped two storey multi storey car park on High Street. The town itself benefits from supermarkets such as Iceland and Tesco, as well as other National and local occupiers. There are schools and amenities within the town, good access is also provided to the A465 (heads of the Valleys Road) as well as the A467 which leads down the valley and into Newport.

Tenure

See Legal Pack

15 High Street

A vacant ground floor salon area benefiting from aluminium glazed display frontage which is set out and ready for immediate trade. Kitchenette, W/C. Door leading to communal rear garden.

15a High Street (Not inspected but advised of the following)

A large one bedroom self contained flat which is accessed from the High Street and has stairs leading up to the following accommodation. First Floor: Lounge, kitchen, inner hallway with stairs to the second floor. Second Floor: Bedroom, study/box room/nursery, bathroom.

16 High Street

A vacant one bedroom ground floor self contained flat accessed from the rear of the building containing the following accommodation. Inner hallway, lounge open to kitchen, bedroom with en-suite shower room.

16a High Street

A large one bedroom self contained flat which is accessed from the High Street and has stairs leading up to the following accommodation. First Floor: Lounge, kitchen, inner hallway with stairs to the second floor. Second Floor: Bedroom, study/box room/nursery, bathroom.

Outside

An attractively laid communal paved garden area with gated access from Market Street

Tenure and Tenancies

Advised Freehold. We have been provided with the following income amounts but would advise confirming the amounts alongside the tenancy agreements which will be enclosed within the legal pack.

15 High Street

Vacant, we are informed that the salon could be let between £350-£400 per month. Therefore, could provide an income of £4500 per annum.

15a High Street

Currently let on an AST at £70 per week every 4 weeks, providing an income of £3640 per annum.

16 High Street

Currently vacant, we are informed that the property was previously let on an AST at £65 per week. Therefore, could provide an income of £3,380 per annum.

16a High Street

Currently let on an AST at £320 per month, providing an income of £3840 per annum. The combined total annual income being generated is £7480 per annum with scope for betterment by way of renting out the two vacant units which could provide a combine annual income of approximately £15,360 in our opinion.

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

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.