Extensive three storey Investment/Development property in prominent corner position including detached coach house to the rear.
The property itself occupies a very prominent position on the corner of Clare road and Penarth road and briefly comprises a main pharmacy area with consultation room and various storage rooms plus a rear office/store to the ground floor. There is also a useful side entrance door facing Clare road. On the first floor are two large preparation/storage rooms, a kitchen and WC plus a further office to the rear of the building. On the top floor are two rooms which are in need of modernisation.
To the rear is a yard with rear gate access and a two storey brick built detached coach house which could have potential for further development, subject to any necessary consents.
We are informed that the main building is let to a national pharmacy for £12,000pa on a 10 year lease from June 2021 with a rent review due in June 2026. We understand that the coach house is not included in this lease but please examine the legal pack when available for details and confirmation of all lease and tenancy details.
The main property is generally in reasonable order but would benefit from improvement in places and complete modernisation to the top floor. The rear coach house has not been internally inspected at time of advertising but appears to be in need of repair and renovation.
GF - Main pharmacy, consultation room, servery, stores, rear office, rear lobby entrance, rear stairs to upper floors
FF - Landing, Two preparation/storage rooms, kitchen, WC, rear office
SF - Landing, Two rooms
OS - Rear yard and entrance gates, Detached coach house.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
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
FOR SALE BY PUBLIC AUCTION on Tuesday, 29 April 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 10 April and conclude in order from Lot 1 at 4:00 pm on Tuesday, 29 April 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
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