Approx. floor area of 3,167.87 sq. m. (34,099 sq. ft.)
Site area of 0.24 Ha (0.60 Acres)
Future change of use potential (subject to consents)
Two separate car park areas with development opportunities (subject to consents)
Low capital value per sq. ft. on guide price
Asset management opportunities
Prominent and busy location
Lot 24
Auction 15th February 2024
Rent £30,704 per Annum
Status Withdrawn Post
Price
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
20 miles north west of Cardiff, 19 miles north west of Newport, 25 miles east of Swansea
Roads
A470, A465
Rail
Merthyr Tydfil Railway Station
Air
Cardiff Airport
Situation
Merthyr Tydfil is an important regional centre located 20 miles north of Cardiff with good road communications to the A465 and A470. The property is prominently located on Avenue De Clichy, adjacent to the A4054 and a short walk to Merthyr Tydfil town centre and Railway Station. The property benefits from being in close proximity to Cyfartha Shopping Park and Trago Mills retail park.
Tenure
Freehold.
Location
Miles
20 miles north west of Cardiff, 19 miles north west of Newport, 25 miles east of Swansea
Roads
A470, A465
Rail
Merthyr Tydfil Railway Station
Air
Cardiff Airport
Situation
Merthyr Tydfil is an important regional centre located 20 miles north of Cardiff with good road communications to the A465 and A470. The property is prominently located on Avenue De Clichy, adjacent to the A4054 and a short walk to Merthyr Tydfil town centre and Railway Station. The property benefits from being in close proximity to Cyfartha Shopping Park and Trago Mills retail park.
Tenure
Freehold.
Description
The property comprises a substantial four storey office building of approximately 3,167.87 sq m (34,099 sq ft) upon a site area of 0.24 Ha (0.60 Acres). The property is currently subdivided to provide a number of office suites, a communal reception area, kitchenettes, WC's, two passenger lifts and approximately 40 parking spaces within two designated secure areas.
The property is let to a number of tenants with a current gross income of £30,704 per annum exclusive. A full tenancy schedule is available to view within the solicitors legal pack.
The property may be suitable for future re-development or change of use subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial four storey office building of approximately 3,167.87 sq m (34,099 sq ft) upon a site area of 0.24 Ha (0.60 Acres). The property is currently subdivided to provide a number of office suites, a communal reception area, kitchenettes, WC's, two passenger lifts and approximately 40 parking spaces within two designated secure areas.
The property is let to a number of tenants with a current gross income of £30,704 per annum exclusive. A full tenancy schedule is available to view within the solicitors legal pack.
The property may be suitable for future re-development or change of use subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
