Well presented throughout this spacious three storey mixed-use property with the additional benefit of a basement briefly concludes of a ground floor commercial unit (formally fish and chip shop) which we understand currently holds an A3 license which was formally a fish and chip shop so could be great restaurant or takeaway business if desired with potential informed rents of approximately £12,000pa. To the first and second floors is a self contained three-bedroom maisonette with a potential informed rental income of approximately £950 pcm. We believe there is possibility and scope for further redevelopment if desired to create further income streams. Generous space to the rear of the property for off road parking.
These informed rents could approximately return a 12.6% gross yield.
Located in the charming town of Barry, this three-storey mixed use property presents a lucrative investment opportunity. The town offers a bustling community with plenty of nearby points of interest, including local shops, restaurants, and amenities. Additionally, the town boasts excellent transport links making it easily accessible to neighboring areas and within a short distance to Cardiff.
Please refer to the legal pack for any further information required.
GF - Commercial unit
FF & SF - 3 Bedroom Maisonette
Basement
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions or Knights Estate Agents (01446) 700222
Buyer's Premium - 1.20% 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.
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.
Auctioneers Office: Seel and Co (029) 2037 0117 / Joint Agents: Knights Estate Agents (01446) 700222
FOR SALE BY PUBLIC AUCTION on Tuesday, 4 February 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 3 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 4 February 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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