Caerau Road, Maesteg

SUMMARY
Development Opportunity: The Station Hotel, Caerau
An exceptional opportunity to acquire a substantial freehold property in the heart of Caerau. Formerly the historic Station Hotel, this versatile building is currently undergoing a comprehensive conversion, offering a high-yield potential.


DESCRIPTION
Development Opportunity: The Station Hotel, Caerau
An exceptional opportunity to acquire a substantial freehold property in the heart of Caerau. Formerly the historic Station Hotel, this versatile building is currently undergoing a comprehensive conversion, offering a high-yield potential for developers and investors. Planning application number P/22/661/FUL.
The planning is for 8 one bedroom apartments ranging from 44 sqm to 60 sqm in sizes and a ground floor commercial unit. the commercial unit .
Water meters for all 8 meters apartments have been installed and completed, The National grid have completed the installation for all 8 apartments and the commercial unit.
3 apartments on the top floor have already been createdand partially and partially completed. The flats on the middle floor have also been created but require completion.
The remainder of the building is ready for internal fit-out, allowing a buyer to finish the project to their own specifications and aesthetic standards.
Situated in a prominent position within Caerau, the property benefits from excellent visibility for the commercial unit and easy access to local amenities and transport links for residents.The apartments will certainly cater to the high demand for rental accommodation in the area.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER PETER ALAN NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.