Investment Opportunity- Upgraded End of Terrace Retail Premises with Refurbished Flat

An end of terrace property comprising of a vacant retail unit to the ground floor and a refurbished one bedroom residential unit behind, which is accessed from side lane. The upper floor has been sold off on a long leasehold basis. The building provides an opportunity to relet the retail premises and residential unit, along with obtaining the ground rent from the first floor flat. We are advised that the reversionary interest of the self-contained first floor flat is sold off for a term of a 99 year lease from 24th January 1986 at a fixed ground rent of £25.00 per annum. We are of the opinion, that the property would command a gross rental income of approximately £14,000 per annum when fully let. The building is located on the main high street within the convenient location of Aberkenfig, close to other neighbouring local operators, good access is offered to the M4 which is approximately 1 mile away.

Tenure

See Legal Pack

Retail Unit

Main retail area, store/staff room, kitchenette, w/c

Rear Residential Unit

Lounge, kitchen, bedroom, shower room, utility room

Tenure

Freehold

Council Tax Band (Residential Unit) A

Viewing

Auction House Wales 02920 475184

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Bridgend County Borough Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 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.