Commercial Investment/Development

An attractive substantial mid terrace building currently occupied by Lloyds Bank who are currently paying £12,000 per annum. The current lease ends on the 24th December 2024, therefore, any potential buyers will gain from a potential dilapidation claim on the tenants exit. The accommodation is set over three levels with part of the first and second floor has been sold off on a long leasehold basis. In our opinion the remainder of the upper floors may suit residential conversion subject to all necessary consents. To the rear is a generous car park for numerous vehicles. We are advised that the accommodation measures approximately 2440 sqft/226 sqm The building is located on the high street of this popular town, alongside a mixture of neighbouring retailers. Good access is also offered to the M4 and Swansea City Centre.

Tenure

See Legal Pack

Outside

Generous car park for numerous vehicles.

Tenancies

Current lease term at £12,000 per annum ending 24th December 2024

Viewings

External Only, further information can be obtained from the Auctioneers office on 02920 475184

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Neath Port Talbot 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.