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

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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