Commercial Investment/Development Opportunity

An opportunity to acquire a substantial 2887sqft/270.14sqm vacant three storey mid terraced commercial property, There is an opportunity to develop the upper two floors which benefit from a self-contained entrance. The upper floor accommodation is in need of full refurbishment with original features and was formerly used as offices, in our opinion it would lend itself to a residential development opportunity subject to all necessary consents. The building also benefits from off road parking area to the rear. Alternatively, it would provide an ideal investment opportunity. The building is located on the high street in Maesteg, close to a number of local and National retailers. Good access is provided to the M4. NB VAT is payable on the purchase price.

Tenure

Freehold

Ground Floor

Self-contained entrance with stairs leading to first floor accommodation. Main through retail sales area with glazed display frontage either side of the customer entrance doorway, changing rooms, stock room, office, further storeroom, staff room, w/c.

Split Level First Floor

Landing, two rooms to the rear annexe and three further rooms to the front of the building.

Second Floor

Landing, three rooms.

Outside

To the rear is an off road parking with wide lane access for deliveries.

Viewings

Auction House Wales 02920 475184

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Bridgend County Borough Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020

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.