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A freehold commercial investment opportunity comprising a two-storey end of terrace building located along the vibrant Commercial Street.
The property is held on a 21 year lease from and including the 30th May 2019, to and including 29th May 2040 with current rent passing of £19,300 per annum. We understand from the seller that a rent review is due (Index) meaning an increase in rent for the potential buyer.
The lease is inside the The Landlord and Tenant Act 1954 on an a full repairing and insuring lease basis. The tenant is trading as the New Ystrad Fish Bar.
Interested parties are advised to inspect the legal pack for more information.
Viewings are strictly by appointment only.
Caerphilly County Borough Council
Mains gas and electric. Mains water and sewerage TBC
Gas Central Heating.
Standard brick under tiled roof construction.
None identified.
This property is not in a conservation area.
17/0226/FULL - Planning permission was granted in 2017 to modify and extend the first floor to a 2 bedroomed apartment from the current 1 bedroom (Please refer to CCBC planning website for further details). This planning permission has expired and prospective buyers should contact Caerphilly County Borough Council if they wish to re-apply.
Standard 20mbps and Superfast 80mbps are available in this location.
O2, Vodaphone and Three are available in this location for Voice and Data.
Sky and BT are available in this location.
These sales details are awaiting vendor approval.
Freehold. Subject to lease.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.
