This property has been taken off the market.
House For Sale Gravel Lane, Blackwood, NP12
£85,000
Auction Property
1 of 15
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 16th April 2024
Description
FOR SALE BY PUBLIC AUCTION: The auction will take place online on 14th May 2024 at 04:03 PM with registration through our website.\r
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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%.\r
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Description\r
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%.\r
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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.\r
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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.\r
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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. \r
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Accommodation\r
GF - Service area and counter.\r
FF - Large office/storage room, staff room, WC.\r
SF - Large further room, Bathroom.\r
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Informed Freehold please refer to legal pack for verification of tenureAdditional Fees\r
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.\r
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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.\r
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Further Information\r
Auctioneers Office, Seel and Co \r
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Viewing\r
Viewing by appointment with Seel and Co
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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%.\r
\r
Description\r
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%.\r
\r
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.\r
\r
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.\r
\r
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. \r
\r
Accommodation\r
GF - Service area and counter.\r
FF - Large office/storage room, staff room, WC.\r
SF - Large further room, Bathroom.\r
\r
Informed Freehold please refer to legal pack for verification of tenureAdditional Fees\r
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.\r
\r
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.\r
\r
Further Information\r
Auctioneers Office, Seel and Co \r
\r
Viewing\r
Viewing by appointment with Seel and Co
Agent Details
Seel & Co Ltd
Desg, 11-13 Penhill Road, Pontcanna, Cardiff, CF11 9PQ
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.