For Sale By Auction | 16 July 2024 | Lot 25

8 Commercial Street, Maesteg, Mid Glamorgan

Sold £60,000

  • Property For Sale

Call the team on 02920 475 184 for more information

Auction Closed

Viewing Times

Please call Auction House Wales on 02920 475 184 to arrange a viewing

Bidding opens Monday 15th July 2024 at 13:00 and closes Tuesday 16th July 2024 at 13:00.Commercial InvestmentAn opportunity to acquire a fully let town centre retail investment, currently let and producing £6500 per annum, on a 10 year FR & I term from 31/7/2023. We are advised by (VOA) that the property measures approximately 102.1 sqm/1099 sqft, set over two floors of accommodation. Based on the guide price, the investment presents a yield of 11.82%. Nearby occupiers include JD Wetherspoons (adjacent), Ladbrokes, Subway, Bargain Booze, and Cash Generator amongst other local businesses. Good access is provided to the M4, and a local train station is within 500 metres of the property. Tenure Advised FreeholdViewing Through Auction House Wales on 02920 475184.Tenure: See Legal PackEPC Rating: C

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.