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Property
0 bedroom
0 bathroom

Property features

  • Ground floor retail unit
  • Freehold title
  • Central location
  • (First and second floor flat sold to leasehold titles)
  • Tenanted investment

Property description

FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer for sale by auction this ground floor retail unit. The subject property is located along Heol Pentrerhedyn, Powys. The property is located in the centre of the market town of Machynlleth, within 20 metres of the noted coastal town of Aberystwyth and within 15 minutes of the pretty coastal village of Aberdyfi. Located in the Dyfi Valley Biosphere. The freehold title for sale also includes the first and second floor flat, which have both been sold off separately on a long leasehold title. We are advised the ground floor retail is currently let at £5,000 per annum rising to £10,000 per annum from 25/10/2021. The agreement started 25/10/2019 to 27/03/2023. We are advised this property can be converted into residential units without the requirement of planning permission due to changes in planning legislation.

Please note we have not inspected this property.

Rooms

Location
The subject property is located along Heol Pentrerhedyn, Powys. The property is located in the centre of the market town of Machynlleth, within 20 metres of the noted coastal town of Aberystwyth and within 15 minutes of the pretty coastal village of Aberdyfi. Located in the Dyfi Valley Biosphere.

Accommodation
GROUND FLOOR: Ground Floor Shop - 9m x 8.3M Office - 5.3m x 3.7m Store - 4.3m x 3.7m Rear Hall Staff Room - 2.7m x 2.38m WC Kitchen Area Store Room Cellar

Rateable Value
The adopted rateable value is £12,500 as of 25th October 2019. Sourced from VOA.

Lease Details
We are advised the ground floor retail is currently let at £5,000 per annum rising to £10,000 per annum from 25/10/2021. The agreement started 25/10/2019 to 27/03/2023.

Tenure
Freehold. Title number CYM327255.

EPC
Available upon request (Commercial rating E). We currently await a copy of the Energy Performance Certificate for the residential aspect.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between £2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.

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