1 bed flat for sale

22 Forge Road, Port Talbot, Neath Port Talbot SA13

£95,000

For sale by online auction on 21st October at 12:00 and ending on 22nd October at 12:00

Kindly visit our website: To register your interest. All participants are required to pay a holding fee to bid in the online auction, with the winning bidder also paying a deposit of 10% of the final bid; the holding fee of the winning bidder is retained by the auctioneers. In instances where a property is sold before the auction, no holding fee is necessary, but a buyers' premium is mandatory upon exchange. The completion will take place 28 days post-exchange unless the contract specifies otherwise. Pre-auction offers are welcomed.

Property Auction Agent are delighted to take to auction this versatile mixed-use property situated on Forge Road, Port Talbot, offering an exciting opportunity for investors, owner-occupiers and those looking to maximise multiple income streams from one substantial property.
The accommodation comprises a ground-floor commercial premises, a self-contained first-floor flat and a substantial rear garage/workshop, providing a particularly flexible proposition with both residential and commercial appeal.
Offered with vacant possession, the property presents an excellent opportunity for a purchaser to refurbish, occupy, let or further explore the potential of the individual elements, subject to any necessary consents. With its combination of commercial space, residential accommodation and extensive workshop/storage facilities, this is a property with considerable scope and one we expect will appeal to a broad range of auction buyers.

Measurements & Property Information
Thee ground floor comprises a main retail area with ancillary accommodation to the rear, including kitchen facilities and an external WC.
Ground Floor Zone A243.26 sq ft / 22.60 sq m
Ground Floor Zone B75.34 sq ft / 7.00 sq m
Ground Floor Additional Accommodation113.02 sq ft / 10.50 sq m
Ground Floor Kitchen88.26 sq ft / 8.20 sq m

Rear Garage / Workshop
To the rear of the property is a good-sized garage/workshop, which has previously been let for use within the automotive industry, providing further useful commercial, workshop or storage potential.

First Floor Residential Accommodation 22A Forge Road
The first-floor accommodation benefits from its own independent entrance directly from Forge Road and comprises:
Lounge, Bedroom, Kitchen and Bathroom
The first-floor accommodation extends to approximately 345.95 sq ft / 32.14 sq m in total.

Possession: Vacant possessionTotal stated accommodation: Approx. 865.83 sq ft / 80.44 sq mEPC Rating: D (95)

Rateable Value: £5,100Business Rates: Prospective purchasers are advised to make their own enquiries regarding rates payable and any applicable relief.

Estimated Rental Value: When fully let, the property is estimated to have a combined rental potential of approximately £15,400 per annum, comprising approximately £7,000 per annum for the commercial unit, £4,800 per annum for the residential accommodation and £3,600 per annum for the garage/workshop.
Prospective purchasers should make their own enquiries regarding achievable rents.

Heating: Gas central heatingLocation: The property is positioned within the pedestrianised section of Forge Road in Port Talbot and benefits from convenient access to the A48 and M4 motorway, with Junctions 4041 approximately one mile away. Aberafan Shopping Centre is approximately 500 metres from the property.
Auction information

please note


It is the responsibility of all purchasers to conduct their own investigation with regards to all aspects of the property and seek legal advice. The Legal Pack will be available on our website prior to the auction commencement. The legal pack can be downloaded through
Payments


To bid online, you will be required to pay a holding fee. This will only be retained should you be the successful bidder.

If you submit a pre-auction offer which is accepted by the vendor, a buyer's premium of £3,495 + VAT will be payable.

To exchange contracts, you will be required to pay a 10% deposit and sign the contract within 24 hours, with completion of the transaction and payment of the remaining balance due within 28 days, unless otherwise formally agreed. Purchasers should always refer to the contract contained within the Legal Pack for confirmation of the applicable completion terms.

Due to the timescales involved, we strongly recommend ensuring that your finances are in place and that you have sought qualified legal advice prior to bidding or submitting a pre-auction offer.

Accommodation
Ground-floor commercial premises with self-contained first-floor residential accommodation and a substantial rear garage/workshop.

Location
Conveniently positioned in Port Talbot town centre, close to local amenities, Aberafan Shopping Centre and excellent transport links, including easy access to the A48 and M4.