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Terraced house for sale
Key information
Property description & features
- Tenure: Freehold
Mid terrace investment property in the centre of Pontypridd's main pedestrianised shopping area and on the main route from the train station. Current income of £7,400pa representing an initial gross yield of circa 11.5% with an ongoing upward only rent review in progress.
Description
This mid-terrace commercial property comprises a well-established gift and clothes shop to the ground floor which we are informed is let on an FRI lease for £600pcm (£7200pa). However, an ongoing rent increase is expected to be in place by the time of the auction. We will inform interested parties of any change as soon as is confirmed. The shop comprises a main retail area and a rear store/changing room plus a WC.
We are informed the upper floors which have been let on a long lease to RCT council for £200pa, This floor has not been inspected. However, interested parties are invited to examine the legal pack when available for confirmation of any and all tenancies.
95 Taff street is situated on the pedestrianised section of Taff street towards the station end of the street. Numerous national and local operators are all within this area of Pontypridd which acts as the main shopping hub for this area of South Wales.
Accommodation
GF - Main shop, Rear store, WC
FF - Not inspected.
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 120.0% with a minimum of £1,440 (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
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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