Studio flat for sale

FOR SALE BY AUCTION - -Lot 65 - Development opportunity

ONLINE AUCTION from 9th APRIL-11th APRIL

A substantial freehold corner building with planning for 4 flats, an office and retail unit. The property occupies a prominent position within Neath town centre and is close to other retailers and parking. The property has had significant work and is up to first fix electrics and plumbing with sprinkler system installed and some initial partitions installed.

The town of Neath has a bustling town centre with an excellent range of shops and amenities and great road links to Swansea and the M4 motorway. The property is sold with vacant possession, however we have been informed there is a waiting tenant for the shop and the residential units should see a high demand for rental when completed .

Please note images taken from 2022
Ground Floor: Entrance to retail sales area to front with access to yard at the rear. Communal side door and hallway with access to flats & area for office space (refer to plans)
First Floor: Space for proposed flat 1 & 2 (refer to plan)
Second Floor: space for proposed flats 3 & 4 (refer to plan)
Outside: Small yard area

Tenure:
Advised Freehold - to be verified by solicitor

Tenancies:
To be sold with vacant possession but could achieve a potential rental income as advised by a letting agent as the following:
Flat 1 - £700pcm
Flat 2 - £700pcm
Flat 3 - £700pcm
Flat 4 - £700pcm
Retail - £750pcm
Office - £300pcm
Total circa £46k income