For Sale By Auction | 19:00, 12 December 2018 | Lot 26

47-48 High Street, Bargoed, Caerphilly, CF81 8RD

*Guide | £90,000 + (plus fees)

  • Commercial Development
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 12/12/2018

Auction Time

19:00

Auction Venue

Village Hotel 29 Pendwyallt Road, Coryton, Cardiff, CF14 7EF

Commercial Development

An ideal redevelopment opportunity to acquire and develop the property with planning for No.5 Residential Flats and No.2 Retail Units and private parking. The Property is situated on High Street in Bargoed. Bargoed is a town in the Rhymney valley in the borough of Caerphilly. The Property is located approximately 17 miles to the north of Cardiff.

Tenure

See Legal Pack

Description

The Property is detached across 3 floors providing a large open plan retail area with ancillary stores. The Property had been most recently occupied by a convenience store.

Planning

The Property has the benefit of a change of use from A1 Retal to A3 Cafe and D2 leisure space on Ground Floor and and change of use from B8 Storage to C3 Flats on the first and second floor. Planning was granted on 19 October 2016, planning reference, 16/0908/FULL, full details can be viewed at https://publicaccess.caerphilly.gov.uk

Business Rates

The Property has a rateable value of £11,534 p.a. The UBR for Wales (2018/2019) is 0.514 p to the £1.00. Parties are asked to make their own enquiries with the Local Valuation Office

Viewing

By appointment only.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Caerphilly County Borough Council

Solicitors

Buss Murton Law, Wellington Gate, 7-9 Church Road, Tunbridge Wells, TN1 1HT, Tel: 01892 502324

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 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.