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Holton Road, Barry CF63 3 bed terraced house for sale
Holton Road, Barry CF63
£175,000
Holton Road, Barry CF63
£175,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 4th February 2025 at 04:36 PM with registration through our website
- DescriptionWell 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
- We believe there is possibility and scope for further redevelopment if desired to create further income streams
- Located in the charming town of Barry, this three-storey mixed use property presents a lucrative investment opportunity
- 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
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
This three-storey mixed-use property is being sold by public auction online on February 4th, 2025, at 4:36 PM. The property features a ground floor commercial unit with a potential A3 license, which was formerly a fish and chip shop, and could be converted into a restaurant or takeaway business. The unit has the potential to generate around £12,000 per annum in rent. Above the commercial unit is a self-contained three-bedroom maisonette, which could be rented out for around £950 per month, generating a potential gross yield of 12.6%. The property also has a basement and generous space to the rear for off-road parking. Located in the charming town of Barry, the property presents a lucrative investment opportunity with excellent transport links and nearby amenities. The buyer will be required to pay a buyer's premium of 1.2% with a minimum of £1,200 (inc VAT) payable on exchange of contracts.