Merthyr Rugby Club, Dynevor Street, Merthyr Tydfil, Mid Glamorgan, CF48 1BA

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold after auction for an undisclosed amount

Upon the instructions of


  • Freehold
  • RFC ground rent investment
  • 61 years to reversion
  • Review in 5 years
  • Producing £8,250 per annum
  • Development potential

Addendum

Merthyr Rugby Club, Dynevor Street, Merthyr Tydfil
It is stated in the catalogue that the Council is selling the freehold, they are selling the both the freehold and leasehold titles.

Details

Location

Merthyr Tydfil is a busy commercial town located a the southern edge of the Brecon Beacons National Park, and within the junction of the A465 Heads of the Valleys dual carriage way link to the A40 and M50 to the east, with the A470 dual carriage way link to the M4 and Cardiff 20 miles to the south. Merthyr Tydfil has a population of some 52,000 with a busy town centre as well as an edge of town retail park anchored by Marks & Spencer and a large new development by the Trago Mills Group. The property occupies a prominent corner location in the town centre with long road frontages to Penry Street and the Aberdare Road.

Description

Merthyr RFC is well established having been one of the original 12 clubs who founded the Welsh RFU. The property comprises a large club house and entertainment venue arranged mainly on the ground floor beneath a high sloping tiled roof. On the first floor is a two bedroom flat. There is good hard standing around the building with an overall site area of 38,000 sq ft (3,530.20 sq m). The club house is some distance from the main playing pitches.

Tenure

Freehold

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Accommodation Tenant Lease Terms Rent £ pa
Merthyr RFC Club House Ground floor bar/concert hall 8,200 sq ft (761.78 sq m) First floor two bed flat Merthyr Rugby Football Club Ltd 99 years expiring 31/12/2078 (61 years to reversion) £8,250 subject to review 01/01/2022 and 21 yearly

Contact

Seller's solicitor

Berry Smith LLP

Martin Pursall

029 2034 5511

mpursall@berrysmith.com

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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