Auction Property 6 Bed Character Property 

Talbot Road, Port Talbot

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Features

  • Auction date: 28th & 29th October 2020
  • Income producing (£53,120 per annum)
  • Freehold
  • Six self contained flats
  • Substantial three storey property
  • Ground floor licenced premises
  • Prominent position
  • Town centre location
  • Next to Port Talbot train station
  • Potential for additional residential development (subject to planning)

Quick Details

6 Bedrooms

Address

The Corner House, 1 Talbot RoadPort TalbotGlamorganSA13 1HN
Details
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Property Details

•For Sale By Online Auction – 28th & 29th October 2020
•Guide Price: £425,000+
•Town Centre Investment Opportunity
•Potential for Additional Residential Development (Subject to Planning)
•Freehold

A substantial three storey property occupying a prominent corner position situated adjacent to Port Talbot train station. The property provides a mixed use investment opportunity with a licenced premises occupying the ground floor and six self contained flats over the upper floors.

The ground floor licence premises is occupied on a 10 year FRI lease at an annual rent of £24,000. The property is well presented and comprises an open bar area, kitchen, office, disabled/gents/ladies wc’s and a cellar. The upper floors provide six self contained one bedroom flats (four flats at first floor and two flats at second floor). The flats each provide a living/diner/kitchen, one bedroom and bathroom and benefit from UPV double glazing and gas central heating. The property offers future potential to convert the ground floor to provide additional residential accommodation (subject to obtaining the necessary planning consents).

The property is located in Port Talbot on the edge of the town centre where there are a good mix of both national and local retailers. Access to the M4 at J40 in the east and J41 in the north are both nearby.

Accommodation

Flat 1: £100 per week (£5,200 pa)
Flat 2: £90 per week (£4,680 pa)
Flat 3: £90 per week (£4,680 pa)
Flat 4: £80 per week (£4,160 pa)
Flat 5: £100 per week (£5,200 pa)
Flat 6: £100 per week (£5,200 pa)
Commercial : £24,000 pa

Total: £53,120 per annum

Please refer to legal pack to view tenancy and lease agreements

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

Guide Price

£425,000+

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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