Studio flat for sale

Immediately available For Sale a mixed use investment property briefly comprising of a ground floor Hairdressers and a first floor self-contained flat. Located in the town centre of Maesteg. Immediately available For Sale as a fully let investment property Freehold tenure at an asking price of ?129,995LocationThe property is located on Church Street which is just off Commercial Street in Maesteg town Centre.Maesteg is the principal retail and commercial centre serving the upper Llynfi Valley with Maesteg lying approximately 9 miles north of Bridgend and 7 miles north of Junction 36 (Sarn Park Interchange) of the M4 Motorway.DescriptionThe property briefly comprises of a end link cottage style two-storey property briefly comprising of ground floor Hairdressers with separate pedestrian access to a 2 bedroom flat over. The ground floor of the property is currently configured as a hairdressers briefly providing approximately 63sq.m (678sq.ft) of retail sales together with 25.9sq.m (278sq.ft) of ground floor ancillary space. Separate pedestrian access from the front of the property leads to a first floor flat comprising; lounge/kitchen, bathroom, 2 no. double bedrooms and 1 no. single bedroomTenureThe property is to be sold Freehold tenure subject to and with the benefit of the current occupational arrangements:- Ground Floor Let to a Hairdressers under terms of a 5 year IRI Only Lease from December 2023 at a rental of ?4,800 per annum exclusive. First Floor Flat Currently let to a private individual under terms of Standard Occupational Contracts producing a rental of ?500 per calendar month. Current total rental income ?10,800 per annumSale PriceAsking Price ?129,995EPCEnergy Performance Rating - Band CLegal CostsEach party to be responsible for their own legal costs incurred in the transaction.VATNo VAT on sale priceAnti Money LaunderingIn order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.ViewingStrictly by appointment only through sole selling agents:Messrs Watts & Morgan LLPTel: (01656) 644288 Email: commercial@wattsandmorgan.co.uk Please ask forDyfed Miles or Matthew Ashman