Flat for sale in Chapel Road, Llanharan CF72

Main features:
Income producing freehold investment property.
Comprising an A3 user fish & chip shop.
& upper parts residential flat.
Long term commercial shop lease.
Residential tenancy to the upper parts.
Freehold sale subject to the existing tenancies.

Description location & directions; Barbara Rees Commercial is pleased to offer for sale, this mixed use freehold investment property, comprising an A3 user Fish & Chip Shop and Upper Parts Residential Flat.

The freehold interest of the property is to be sold with the benefit of the current and passing rental income, subject to the existing tenancies, which include a long term ground floor commercial lease and residential tenancy to the upper parts.

The ground floor unit has been a fish and chip shop for many years and there is healthy demand for the residential flat, should it become vacant in the short to medium term.

The property is located in the growing and rapidly expanding village of Llanharan, approximately four miles to the West of Pontyclun / Talbot Green, being just off the A473, directly opposite Llanharan train station.

See the map inlay below for local directions.

Viewing; Please do not make any direct approaches to the property or tenant’s therein, as viewing is strictly by prior appointment and will be accompanied, by a member of staff from Barbara Rees Commercial.

Gross frontage; 6.55 m ( 21’6” ft) Modern full width / height display window shop front, customer entrance and separate access to the first floor.

Ground floor; 54.95 sq mt ( 591 sq ft approx) comprising a customer area, cooking range, prep and chip rooms, stores and small office, plus staff room / wc.

Lease details; I.R.I.O. Lease for a term of 21 years, with rpi linked rent reviews every three years, commencing from December 10th 2018, at a Passing rent £8,100 p/a.

Upper parts; 47.20 sq mt (508 sq ft approx), self contained residential flat comprising a lounge kitchen diner, one bedroom and a bathroom.

Tenancy details; Residential Tenancy producing a calendar monthly rent of £600.

Exterior; Rear lane entrance.

User; Mixed use applies, Fish & Chip Shop class A3 ground floor. Residential upper parts within Class C3 (a) 1987 Planning act (Wales) Use Class orders (as amended).

Business rates; rv = £5,200 extract from the 2017 rating list (ground floor).

Council tax; Band A (upper parts).

Energy ratings; Ground floor = 82 / D. Residential flat = Awaited.

Guide price; Offers in the region of £195,000 are required for the freehold interest subject to the existing tenancies.

Acceptance of offer; Offers are required to be made in writing and upon acceptance of any offer, the buyer must furnish Barbara Rees with the source and availability of the purchase funds, prior to the instruction of solicitors.

General notes; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. The seller advises that the property has the benefit of all mains services, although this and the adequacy and condition of any and all fixtures fittings / heating and other systems should be confirmed / verified by the purchaser.

Commercial mortgage / business loan; Available subject to status, please ask for an appointment with our independent financial adviser.