House for sale

Overview

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 14th May 2024 at 04:03 PM with registration through our website. Freehold investment property in the centre of Blackwood town centre with upper floors of entire building. Income circa £12,000 pa representing an Initial Gross Yield of 14.1%. Description Freehold investment property in the centre of Blackwood town centre with upper floors of entire building. Income circa £12,000 pa representing an Initial Gross Yield of 14.1%. The property comprises a ground floor unit let to Ramsdens and the upper floors of the entire building which goes above the neighbouring take-away unit (not included). We are informed that the property is freehold and the current income is £12,000pa but please examine the legal pack when available for further confirmation and details. The property briefly comprises a ground floor service counter and secure counters, upstairs there is a large room used as an office and storage, a staff room and WC and a further large room and bathroom to the second floors. Blackwood high street is a thriving retail area which services the local area and local businesses include the cinema, Greggs, Boots, Superdrug and the various businesses in The Market Place shopping centre. Accommodation GF - Service area and counter. FF - Large office/storage room, staff room, WC. SF - Large further room, Bathroom. 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_blackwood-d196883/for-sale_i71087169

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