Dekan Barber Shop, 7 Crane Street, Pontypool, NP4 6LY

ONLINE AUCTION from 4th OCTOBER-6th OCTOBER A terraced commercial property located in Pontypool town centre. The property consists of a large retail area, to the rear of the property there is a room with sink, wc and a kitchenette. The property is currently tenanted at £400 pcm with 4 years remaining on the lease. Location Situated in the heart of Pontypool town centre, a short walk away from a range of local amenities and shops. The property further benefits from being positioned near to the main thoroughfare of Pontypool town and is only a short drive to the A4042 leading to Newport and Cwmbran. Services The property has gas, electric and water. Business Rate The rateable value is £5,800. We have been informed that the property is classified as a small business and therefore exempt from business rates. The property is categorised as ‘Shop and Premises.’ VAT We have been advised that no VAT is due on this property (to be confirmed by solicitor). Accommodation Floor Description Area Sq Ft Area Sq M Ground Floor Retail Area 369.63 35.34 Ground Floor Back Room 100.53 9.34 Ground Floor WC 13.67 1.27 Ground Floor Kitchenette 99.56 9.25 Total 594.16 55.2 Tenancy Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount Dekan Barbers Internal repairing and insuring 1st March 2016/28th February 2026 10 years £400 pcm Tenure Advised Freehold - to be verified by solicitor Auction Fees And Additional Costs Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated. Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details. * Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.