Circa 28 sqm Lock-up shop last used as a tattoo studio.
This is a long leasehold lock-up shop forming part of a mixed-use mid-terrace property. Previously used and partially equipped as a 2 birth tattoo studio with waiting area which could double up as piercing area the property offers an excellent opportunity for someone looking to continue the business. Alternatively the property could be used for a variety of alternative uses.
Held on a 999 year head lease from circa October 1875, subject to a ground rent of £15pa. 64a (Lower Maisonette) held on a 150 year sub-lease from 17 March 2008 subject to a peppercorn ground rent. 64b (Upper Maisonette) held on a 150 year sub-lease from 20 March 2008, subject to a peppercorn ground rent.
Current rateable value (1 April 2017 to present) £2,750 per annum. We would therefore expect those eligible for small business relief to benefit from nil rates but urge all interested parties to confirm directly with Torfaen County Borough Council.
For sale by livestream auction on 18th January 2023
Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding. A full auction legal pack can be downloaded from the City & Rural website once available. For further information on the other lots in this auction please visit the website.
A full auction legal pack can be downloaded from the City & Rural Property Auctions website once available. For further information on the other lots in this auction please visit the website.
EPC Rating: on order
Council Tax Band: TBC
Local Authority: Torfaen County Borough Council
Lease Details: 999 year lease from 1875
Lease Years Remaining: 852
Annual Service Charge: TBC
Annual Ground Rent: £15.00
Guide Prices & Reserves
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Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.
Consumer Protection Regulations 2008
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Control of Asbestos Regulations
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. City & Rural Property Auctions have not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.