Auction Property Mixed Use 

Hanbury Road, Bargoed

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Features

  • Auction date: 26th & 27th August 2020
  • Ground floor retail area 75.4 Sq m (811 Sq ft)
  • Freehold
  • First floor three bedroom flat
  • Mid terrace retail/residential property
  • Basement area 59.7 Sq m (643 Sq ft)
  • Prominent high street location
  • Flat is currently let at £400 pcm
  • Potential high yielding investment opportunity
  • Additional residential potential (subject to planning)

Address

23 Hanbury RoadBargoedGlamorganCF81 8QT
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Property Details

•For Sale By Online Auction – 26th & 27th August 2020
•Guide Price: £85,000+
•High Street Commercial/Residential Opportunity
•Prominent High Street Location
•Freehold

A freehold mid terrace property with open plan retail sales area at ground floor and storage areas, wc and kitchen facilities at basement. The first floor comprises a three bedroom flat with a large relatively open plan kitchen/diner and lounge area. The first floor flat is currently occupied and we understand the current passing rent is £400 per calendar month (to be confirmed). The property offers further opportunity for residential development at the rear of the ground floor and basement level (subject to the necessary planning consents).

Bargoed is situated approximately 8 miles north of Caerphilly and 3 miles northwest of Blackwood. The main A469 provides a direct and convenient access to the A470 Cardiff to Merthyr Tydfil dual carriageway in the south. The A470 in turn links with the M4 motorway at Junction 32.

Accommodation

Ground floor retail: 75.4 Sq m (811 Sq ft)

Basement: 59.7 Sq m (643 Sq ft)

First floor flat:

Living room: 4.73m x 4.18m
Kitchen/diner: 4.75m x 4.17m
Bedroom 1: 2.97m x 3.55m
Bedroom 2: 2.33m x 2.22m
Bedroom 3: 2.60m x 3.42m
Bathroom: 1.69m x 2.12m

Services

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

Tenure

Freehold

Business Rates

The property has a ratable value of £6,290 per annum. Rates payable (2019/20) is approximately £3,308.54

Guide Price

£85,000

VAT

VAT if applicable will be charged at the standard rate.

Buyer's Premium

2% (min. £3,600) inc. VAT

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