FOR SALE BY PUBLIC AUCTION: The auction will take place online on 14th May 2024 at 05:21 PM with registration through our website.

Multi use three storey bay fronted investment property to be sold with vacant possession currently being used as an estate agent with rear unit and 5 rooms to 1st/2nd floor.

Description
The three storey triple bay fronted building comprises a lock up shop to the forefront of the building that is currently being used by an Estate agent and a separate unit to the rear which consists of 5 rooms which could be used for a second business, converted to a house or split into 2 separate apartments. We have been informed that the first floor could have possible use as an HMO up to 5 occupants without licence. Please enquire with Caerphilly Council for further details.

The building itself appears to be of brick/stone construction with pebble dash and painted render to gable end under a pitched roof with some recent works done to the roof in recent times. The rear unit is accessed within its own dedicated entrance via the rear of the property and the property as a whole appears to be in excellent condition with recent cosmetic works done over the last 10 years. There is hard standing low maintenance courtyards to the rear of the building.

The property is situated in the heart of Bargoed town centre overlooking the market square with excellent commuter links. Cardiff road is the main road through and the property is located well for local amenities and services.

Income
Previous - £10,000 PA (figure remained the same for several years)
Current - Approx £14,400 PA 8.5% Yield

Full tenancy details to follow with confirmation of tenure and all tenancies within the legal pack.

Accommodation
No 45
GF - Shop (currently estate agent) to front, 2 rooms, storage.
FF - Kitchen & wc
45a Charter House
GF - Entrance hall, 2 room, wc
FF - Landing, 3 rooms, kitchen, shower room

Informed Freehold please refer to legal pack for verification of tenureAdditional Fees
Buyer's Premium 1.2% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button]

Viewing
Viewing by appointment with Seel and Co[use Contact Agent Button]

This property is no longer available

Floorplans

4 bedroom terraced house for sale