Auction Property  

Duffryn Road, Maesteg

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Features

  • Auction date: 29th & 30th July 2020
  • Single storey licenced community club
  • Freehold
  • Site area approximately 0.19 acres
  • Income generating (£650 pcm / £7,800 pa)
  • Car parking area and landscaped grounds
  • 10 year FRI lease dated 15th June 2015
  • Prominent roadside location
  • Floor area approximately 208.0 Sq m (taken from EPC)
  • Potential for residential redevelopment (subject to planning)

Address

Caerau Clinic Duffryn RoadMaestegGwentCF34 0SS
Details
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Property Details

•EMAIL ONLY – property@johnpye.co.uk
•For Sale By Online Auction – 29th & 30th July 2020
•Income Generating (£7,800 pa)
•Potential for Redevelopment (Subject to Planning)
•Freehold

The property comprises a detached single storey former clinic providing a total floor area of approximately 208 Sq m (taken from the EPC). With an existing D2 use the property currently operates as a licenced community club with catering facilities and would lend itself to a variety of alternative commercial uses subject to obtaining any necessary planning consents.

The premises comprises a main function hall, snooker room and a number of meeting rooms. The property benefits from UPVC double glazing with electric security roller shutters, gas central heating, kitchen and male/female wc facilities. Externally, there are landscaped grounds to the perimeter of the site and a tarmacadam parking area at the south western end of the site. The site offers potential for residential redevelopment (subject to the necessary planning consents).

The property occupies a prominent position fronting Duffryn Road (A4063) and lies just north of Maesteg town centre. The surrounding area is predominantly in residential use. Access to the M4 at Junction 36 is approximately 10 miles in the south.

Accommodation

Total floor area approximately 208.0 Sq m (taken from the EPC)

Services

We understand the property to have mains electricity, gas, water and drainage. However, interested parties are advised to make their own enquires.

Tenure

Freehold

Investment Analysis

The property currently operates as a licenced community club and is subject to an FRI lease dated 15 June 2015 for a period of 10 years at a current passing rent of £650 per month (£7,800 per annum), equating to a yield of 10.4% making this a great investment opportunity. Alternatively, the site could suit redevelopment into residential (subject to the necessary planning consents).

Guide Price

£75,000+

VAT

VAT if applicable will be charged at the standard rate.

Buyer's Premium

2% (min. £3,600) inc. VAT

Viewing

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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