FOR SALE BY PUBLIC AUCTION: The auction will take place online on 29th July 2025 at 04:24 PM with registration through our website.

Opportunity to acquire this freehold mixed use corner property with ground floor commercial unit and x2 flats occupying a high street presence on Thompson Street in Barry.

Description
Three storey large mixed use corner property comprising a ground floor commercial unit and x2 one & two bedroom flats on the first and second floors. Two bedroom flat to first floor and one bedroom on the second floor with access via the rear of the building.

PLEASE NOTE – We understand that the purchaser will own the freehold title of the whole building but the property shall be sold subject to the occupational lease (999 years) dated upon completion for the occupied second floor flat (25b). Please refer to the legal pack for further details and clarification. Both the ground floor commercial unit and the first floor two bedroom apartment are both vacant and have the ability to produce strong yields once occupied. The property holds a prominent high street presence located on Thompson Street with strong footfall and leading onto the busy Holton Road shopping thoroughfare.

The building appears to be brick and painted render construction under pitched tiled roof and in good condition throughout. Within close proximity to local shops, schools, cafs, pharmacy, leisure facilities provides great footfall and public transport providing links to Cardiff, Bridgend and Newport. Double glazed windows and doors ok. Gas central heating with combination boiler.

Any further clarification on tenure or lease details or for anything else please refer to the legal pack.

Accommodation
GF – Large commercial unit with separate office space, kitchen, store rooms, toilet facilities.
FF – Communal entrance Hallway, access to spacious two bedroom apartment (2 bedrooms, kitchen, reception room and bathroom)
SF – Occupied One bedroom flat

Please refer to legal pack for verification of tenure

Tenancies
Please refer to the legal pack for verification of any tenancies.

Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (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.

PLEASE NOTE
Previous Financials –
2020-21 – £12,600 PA
7.5% Net Yield (Potential to achieve higher 2024)

Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button]

Viewing
Viewing by appointment with Seel and Co[use Contact Agent Button]