Property for Auction in Wales - 72 Bridgend Road, Abercynffig, Pen-Y-Bont AR Ogwr CF32 9AP

Investment Opportunity- Upgraded End of Terrace Retail Premises with Refurbished Flat An end of terrace property comprising of a vacant retail unit to the ground floor and a refurbished one bedroom residential unit behind, which is accessed from side lane. The upper floor has been sold off on a long leasehold basis. The building provides an opportunity to relet the retail premises and residential unit, along with obtaining the ground rent from the first floor flat.

We are advised that the reversionary interest of the self-contained first floor flat is sold off for a term of a 99 year lease from 24th January 1986 at a fixed ground rent of £25.00 per annum. We are of the opinion, that the property would command a gross rental income of approximately £14,000 per annum when fully let. The building is located on the main high street within the convenient location of Aberkenfig, close to other neighbouring local operators, good access is offered to the M4 which is approximately 1 mile away. Tenure See Legal Pack Retail Unit Main retail area, store/staff room, kitchenette, w/c Rear Residential Unit Lounge, kitchen, bedroom, shower room, utility room Tenure Freehold Council Tax Band (Residential Unit) A Viewing Auction House Wales 02920 475184 Energy Efficiency Rating (EPC) Current Rating C Local Authority Bridgend County Borough Council Solicitors Hutchinson Thomas, 119 London Road, Ref: Hutchinson Thomas, Tel: 01639 645061 Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Buyer's Premium - £600 inc VAT payable on exchange of contracts. Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts. Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.