Lot TBC Auction

112 Dunraven Street, Tonypandy, CF40 1AS View map

Guide Price £105,000 +

Snapshot

FOR SALE BY PUBLIC AUCTION – Freehold double fronted, fully let investment property in the centre of Tonypandy with an initial gross yield of circa 9%.


    Download Legal Pack

    Description

      Three storey investment property on the main retail shopping street in the town centre of Tonypandy. The ground floor commercial unit has recently signed a new 5 year lease with Tenovus Cancer Care for £9500pa. (expires Jan 2026)

      The upper floors comprise 4 apartments and are let on a single long lease to an individual for an initial term until 2133 for an annual rent of £200pa. Please examine the legal pack for further details and confirmation of all tenancies.

      The property itself is of brick construction under a pitched tile roof with aluminium fenestration to the ground floor commercial unit and uPVC windows to the upper floors. The first floor accommodation is accessed via a separate door at street level.

      Dunraven Street is the busy main commercial street in Tonypandy and other local occupiers include
      Lloyds TSB, Iceland, Greggs and Dominos pizza.

    Accommodation

      GF - Main commercial shop, rear storage and office rooms x 4.

      1F & 2F - Informed four residential apartments (not inspected)

    Tenure

      Presumed Freehold – please refer to legal pack for verification of tenure

    Additional Fees

      Buyers Premium – 1% with a minimum of £1,000 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.

      Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

    Further Information

      Auctioneers Office, Seel and Co (029) 2037 0117

    Auction Details

      FOR SALE BY PUBLIC AUCTION on 22 February 2022 online via the Seel and Co website. Bidding will commence from midday on Monday, 21 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 22 February 2022

    Need to know

    Please refer to legal pack and auction catalogue prior to bidding.

    Please be aware that you cannot bid without having a deposit.

    Apply for finance