FOR SALE BY ONLINE AUCTION
Pleased to offer for sale this commercial investment property located in the heart of the quaint village of Talgarth, standing near the northern gateway into the Rhiangoll valley and the Black Mountains. The property is currently leased out for 5 years, from March 2022 at an annual rate of £11,400. The current tenants run a bakery from the property and have been tenants for circa 17 years. The property comprises: reception, store room, equipment store, dryer/storage room and oven/prep room to the ground floor. With two store rooms and W.C. to the first floor. Externally there is parking for two cars.
PLEASE BE ADVISED THAT WHILST VIEWINGS ARE RESTRICTED THE PROPERTY WILL NOT BE ENTERED INTO AN ONLINE AUCTION UNTIL THE LEGAL PACK IS COMPLETE AND THERE IS SUFFICIENT INTEREST FOR BIDDING TO COMMENCE.
ANY OFFER IS SUBJECT TO AN AUCTION EXCHANGE OF A 10% DEPOSIT, BUYERS PREMIUM AND 28 DAY COMPLETION.
SUMMARY
Pleased to offer for sale this commercial investment property located in the heart of the quaint village of Talgarth, standing near the northern gateway into the Rhiangoll valley and the Black Mountains. The property is currently leased out for 5 years, from March 2022 at an annual rate of £11,400. The current tenants run a bakery from the property and have been tenants for circa 17 years. The property comprises: reception, store room, equipment store, dryer/storage room and oven/prep room to the ground floor. With two store rooms and W.C. to the first floor. Externally there is parking for two cars.
RECEPTION 4.75m x 3.15m
STORE ROOM 2.72m x 3.1m
EQUIPMENT STORE 2.41m x 7.64m
DRYER/ STORAGE ROOM 10.16m x 3.45m
OVEN/ PREP ROOM 10.12m 3.39m
FIRST FOOR
LANDING 5.97m x 3.39m
MIDDLE STORAGE ROOM 5.17m x 2.59m
W.C 1.65m x 2.6m
REAR STORAGE ROOM 3.26m x 2.58m
N.B
A holding fee of £2,000 is payable to secure the property. You then have two days to exchange with a 10% deposit.
PLEASE BE ADVISED THAT DEPENDING ON YOUR INDIVDUAL BANK OR BUILDING SOCIETY. THE RELEASE OF THE HOLDING FEE IF UNSUCCESSFUL COULD TAKE IN EXCESS OF 7 DAYS.
Should the property sell outside of the online auction upon exchange, a 10% deposit is required. In addition, a Buyer's Premium fee is payable. This fee is 0.5% + VAT subject to a minimum fee of £995 plus VAT (£1,194).
N.B
Tenure - TBC
All successful Purchasers will be subject to a buyers premium or holding fee. Legal packs can be downloaded through the Dawsons website www.dawsonsproperty.co.uk
Please note it is the responsibility of all purchasers to conduct their own investigation into all aspects of the property. We recommend reading through the properties legal pack, which is available on our website, prior to bidding and also seek legal advice. If you are successful, you will be required to pay a 10% deposit, together with the buyer’s premium/holding fee and complete in 28 days, therefore we would strongly recommend for you to ensure your finances are in place before the auction, due to the timescales involved.