Auction Property Commercial 

Canon Street, Aberdare

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Features

  • Auction date: 25th & 26th September 2019
  • Car parking nearby
  • Freehold with vacant possession
  • Prominent town centre location
  • A3 licenced retail unit
  • Excellent transport links
  • Ground floor approximately 162.4 Sq m (1,748 Sq ft)
  • Potential for residential conversion (subject to planning)

Address

21 Canon StreetAberdareRhondda Cynon TafCF44 7AP
Details
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Property Details

•For Sale By Online Auction – 25th & 26th September 2019
•Guide Price: £69,000+
•Town Centre Commercial/Residential Opportunity
•A3 Licenced Retail Unit at Ground Floor
•Freehold with Vacant Possession

A mid terrace property arranged over two floors. The ground floor was previously used as a furniture showroom and more recently planning permission was granted in November 2018 under Application No. 18/1035/10 for a change of use to A3. At ground floor the property has a retail frontage of 7.2m and benefits from an electric roller shutter, suspended ceilings, carpeted floors, fluorescent strip lighting, painted/plastered walls, kitchen and wc facilities.

The first floor is accessed via the ground floor, by way of a separate entrance. The accommodation comprises a number of rooms and a bathroom with additional space provided within the loft space. The property provides good potential to convert the upper floor into two self contained flats (subject to the necessary planning consents).

The property occupies an excellent position along Canon Street in the town centre of Aberdare. Nearby occupiers include Thomas Cook, TUI, Cash Generator, Iceland, Boots and Burtons. Church Street car park is located to the rear of the property. Aberdare train station is within close proximity and access to the A470 is approximately 7 miles away proving links to Cardiff in the south east.

Accommodation

Ground floor total GIA: 162.4 Sq m (1,748 Sq ft)

Services

We understand the property to have mains electricity, water and drainage.

Tenure

Freehold

Investment Analysis

There is opportunity to add value by potentially converting the upper floor into two flats (subject to planning). If converted, we envisage the property has the potential to generate an income in the region of £16,000 per annum.

Business Rates

The property has a rateable value of £18,500 per annum. Rates payable (2019/20) is approximately £9,730.

Guide Price

£69,000+

VAT

VAT if applicable will be charged at the standard rate.

Buyer's Premium

2% (min. £3,600) inc. VAT

Viewings

Viewings are by appointment only. Please contact one of our agents on 0115 970 6060 or email property@johnpye.co.uk

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