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Heol Pentrerhedyn, Machynlleth, Powys, SY20 8DW

Guide Price
£145,000
Reduced on 17/02/2021
Pattinson Estate Agents, Commercial
SIZE
2,309 sq. ft.
(215 sq. m.)

Key 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.

Please note we have not inspected this property.

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.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

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 exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. 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.

Both the Marketing Agent and The Auctioneer may believe 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 indeed obligation to use these recommended suppliers or services.

Brochures

Brochure

Energy Performance Certificates

EPC

Heol Pentrerhedyn, Machynlleth, Powys, SY20 8DW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Machynlleth Station0.3 miles
  • Dovey Junction Station3.5 miles
Mortgages
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About the agent

Pattinson Estate Agents, Commercial

Kingfisher Way, Silverlink Business Park, Wallsend, NE28 9NY

Pattinson Estate Agents, Commercial

Our agency team actively deal with all aspects of commercial property in both the private and public sectors and provide specialist advice in terms of all commercial property types including development and investment properties. Our principal activities include dealing with the acquisition or disposal of land and property, as well as providing appraisals. We also act as an agent during a sale or acquisition and can carry out contract negotiations between landlords and tenants.

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Industry affiliations

Royal Institute of Chartered Surveyors

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Disclaimer - Property reference 363864. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Commercial on 0191 687 0258.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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