Auction Property House - End Terrace 

Commercial Street, Maesteg

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Features

  • Auction date: 24th & 25th June 2020
  • Excellent transport links
  • Freehold
  • Rear enclosed garden
  • Two storey commercial/residential property
  • Good condition
  • Prominent high street location
  • Ground floor approximately 61.5 Sq m
  • Flat let at £400 pcm (£4,800 pa)
  • First floor approximately 86.0 Sq m (taken from EPC)

Address

127 Commercial StreetMaestegBridgendCF34 9DL
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Property Details

•For Sale By Online Auction – 24th & 25th June 2020
•Guide Price: £75,000
•Commercial/Residential Investment Opportunity
•Flat let at £400 pcm (£4,800 pa)
•Freehold

A freehold two storey end of terrace building occupying a prominent high street position in the town of Maesteg. The property comprises a ground floor retail unit and ground/first floor self contained flat. The ground floor is currently operating as a tanning shop and briefly comprises a main customer area, rear stock room and wc. To the rear of the property access is provided to a self contained flat at ground floor level. At ground floor level the flat comprises of an entry porch and kitchen. The first floor comprises a living/dining room, three bedrooms and shower room. The accommodation benefits from UPVC double glazing, gas central heating and a mixture of carpet and wood laminate flooring. Externally, there is a good size enclosed rear garden.

The property is accessed directly off Commercial Street. Maesteg train station is within close proximity and access to the M4 at junction 36 is approximately 8 miles in the south providing links to Cardiff in the east and Swansea in the west.

Accommodation

Ground floor retail: 61.5 Sq m
Ground/first floor flat: 86.0 Sq m (Taken from EPC)

Total: 147.5 Sq m (1,588 Sq ft)

Services

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

Tenure

Freehold

Investment Analysis

We are advised the ground/first floor flat is currently let at £400 pcm (£4,800 pa) and we understand the ground floor commercial unit will be vacant upon sale. We anticipate the commercial unit will achieve a rental of approximately £450 pcm (£5,400 pa).

Guide Price

£75,000

Buyer's Premium

2% (min. £3,600) inc. VAT

VAT

VAT if applicable will be charged at the standard rate.

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