House for sale

Overview

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 14th May 2024 at 04:00 PM with registration through our website. Freehold investment property in this busy area. Income £37,500 pa representing an Initial Gross Yield of circa 12.5%. Next door also available. (Upper floors sold off on long leasehold) Description Freehold investment property in this busy area. Income £37,500 pa representing an Initial Gross Yield of circa 12.5%. Next door also available. (Upper floors sold off on long leasehold). The property comprises a ground floor investment property and the freehold of the entire building. However we are informed that the upper floors have been sold off on a long leasehold. Please though examine the legal pack when available for confirmation of tenure and all tenancy information. The ground floor unit is let to Burger King and has been recently renovated and maintained. The unit briefly comprises a main service and seating area, an open-plan kitchen and preparation area, rear storage and office spaces as well as a staff room and WC. Outside there is a bin storage area and some parking. This area of Uplands crescent is a very busy retail and hospitality area with local and national operators such as The Uplands Diner (also available in this auction), Starbucks, Boots, Sainsbury's, Tesco and KFC. Accommodation GF - Main service and seating area, open-plan kitchen, storage rooms, staff room, office. WC. Informed Freehold please refer to legal pack for verification of tenureAdditional Fees Buyer's Premium 1.2% with a minimum of £1,200 (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 Viewing Viewing by appointment with Seel and Co For more details and to contact: https://realtyww.info/houses_west-glamorgan-r783024/for-sale_i70786374