Home :: Search :: Results :: Detailed View

Description

Substantial mixed use property (B&B Hotel) with investment income, suitable for conversion to flats subject to planning, sub divided lock up shop unit, ( A3 user ) hot food takeaway, basement flat, and garage / stores.

SELLER PRIVACY & VIEWING; Interested parties are requested to respect the sellers privacy and not make any un-appointed or unsolicited visits to the property and / or its occupants. A staff member of Barbara Rees will accompany all pre-qualified viewings via appointment only, please contact our Pontypridd office in this regard.

DESCRIPTION LOCATION & DIRECTIONS; Barbara Rees is pleased to offer this substantial, mixed use, multiple occupancy, part two / part three storey commercial property, currently in use as a bed and breakfast hotel / hostel, along with a sub divided lock up shop unit, ( A3 user ) hot food takeaway, basement flat, and garage / stores.

The property enjoys a prime main road frontage facing directly onto the A473 at Llantwit Fardre.

All amenities are near by and staff at our Pontypridd office will be pleased to provide local directions upon request.

GROUND FLOOR; Two lock up units (one retail / one hot food takeaway) and part bed and breakfast hotel / hostel.

FIRST FLOOR; Bed and breakfast letting rooms and communal bathrooms.

LOWER GROUND FLOOR; Basement flat, garage and stores.

UNIT 1 LOCK UP SHOP; Currently vacant and in the process of being refurbished. (Assumed to fall within Use class A1 retail).

UNIT 2 HOT FOOD TAKE AWAY; Currently let via the terms of an internal repairing lease for 10 years from June 2007 and producing 12,000 POUNDS p/a/x. There is a single rent review at the end of year five. (Assumed to fall within Use class A3 Hot food & take away).

BED & BREAKFAST HOTEL / HOSTEL; Comprising a communal lounge / kitchen and bathrooms, plus 10 letting rooms arranged over two floors. (Assumed to fall within Use class C1 / C3 )

LOWER GROUND FLOOR FLAT; Entrance porch, lounge / kitchen / diner, shower room, one bedroom.

GARAGE & STORES; Comprising two rooms.

EXTERIOR; Enclosed rear car park.

NATIONAL NON DOMESTIC RATES; 4,650 POUNDS (extract from the 2005 rating list).

SERVICES; The property has the benefit of all main’s services.

GENERAL NOTES; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. The vendor has verbally informed us that the property is of freehold tenure and has the benefit of all mains services although this should be confirmed by the acting solicitors.

ASKING PRICE & OFFERS; 365,000 POUNDS written offers are required to be made to our Pontypridd office and prospective buyers will be required to furnish Barbara Rees with full details of the purchasing arrangements and formal verification of the purchasing funds upon acceptance of any offer and prior to the instruction of solicitors.

BUSINESS / COMMERCIAL MORTGAGE; Our Independent Mortgage and Financial Advisor J Paul Rees, FNAEA, Cert PFC. Cert CII (MP) will be pleased to discuss and arrange the most suitable mortgage to meet the choice and requirements of prospective purchasers. Please contact our Tonypandy office or Mr Rees direct on 07970 849106 to arrange a convenient appointment (Introductions to CRE Financial Services).