Property

Circa 28 sqm lock-up shop last used as a tattoo studio. Situated in a prominent high street position. Could make an excellent business opportunity or suit a variety of other uses subject to consents.

Circa 28 sqm Lock-up shop last used as a tattoo studio.

This is a long leasehold lock-up shop forming part of a mixed-use mid-terrace property.
Previously used and partially equipped as a 2 birth tattoo studio with waiting area which could double up as piercing area the property offers an excellent opportunity for someone looking to continue the business. Alternatively the property could be used for a variety of alternative uses.

Tenure Held on a 999 year head lease from circa October 1875, subject to a ground rent of £15pa.
64a (Lower Maisonette) held on a 150 year sub-lease from 17 March 2008 subject to a peppercorn ground rent.
64b (Upper Maisonette) held on a 150 year sub-lease from 20 March 2008, subject to a peppercorn ground rent.
Business Rates Current rateable value (1 April 2017 to present) £2,750 per annum. We would therefore expect those eligible for small business relief to benefit from nil rates but urge all interested parties to confirm directly with Torfaen County Borough Council.
For sale by online timed auction closing at 12.30pm on 15 November Bidding will open on the 14th November and interested parties must register to bid. The fall of the virtual gavel on 15 November will be an immediate exchange of contracts. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding. A full auction legal pack can be downloaded from the City & Rural website once available. For further information on the other lots in this auction please visit the website.
Legal Pack
A full auction legal pack can be downloaded from the City & Rural Property Auctions website once available. For further information on the other lots in this auction please visit the website.

Tenure: Leasehold

Lease Details: 999 year lease from 1875

EPC Rating: on order

Terms:
Guide Prices & Reserves
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

Consumer Protection Regulations 2008
City & Rural Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

Anti Money Laundering Regulations
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Control of Asbestos Regulations
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. City & Rural Property Auctions have not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.