12 & 12a, Ogwy Street, Bridgend, Mid Glamorgan

Description

Mixed use freehold building with prominent high street frontage and fully fitted takeaway premises ready for continued operation. Ground floor fish and chip shop with frontage, kitchen and store room to the rear. Self-contained flat to the first floor, accessed via a side gate, comprising a lounge, kitchen, bedroom and bathroom, with a rear garden area.

Accommodation

Ground floor fish and chip shop with frontage, kitchen and store room to the rear. First-floor self-contained flat comprising lounge, kitchen, bedroom and bathroom. Rear garden area.

Location

Anne’s Plaice Fish & Chip Shop, ideally positioned along the bustling high street of Ogwy Street in the picturesque village of Nantymoel, Bridgend.

Tenure / Property Information

Investment Analysis

The £95,000–£125,000 sold comparables are terraced residential properties on Ogwy Street and are not directly comparable with this mixed-use freehold building. The £180,000 Blaenogwr Hotel sale is also not sufficiently comparable. No completed mixed-use shop-and-flat comparable or formal valuation is supplied, so a supported GDV cannot be established. The £100,000 guide is not treated as market value.

Investment Snapshot

Strategy Recommendation

Do not underwrite a purchase, refinance or resale strategy from the supplied evidence alone. Proceed only after obtaining the Special Conditions, confirming any seller fees, inspecting the building and commercial equipment, and establishing separate market and rental evidence for the shop and flat.

Works Required

The property is described as a fully fitted takeaway premises ready for continued operation, with a self-contained one-bedroom flat and rear garden area. No specific repair, compliance or refurbishment works are evidenced. A condition survey and checks of the commercial premises, services and flat would be required before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because there is no evidenced GDV, rent, refurbishment budget or refinance valuation. The known buyer cost is the £1,800 inclusive-of-VAT contract documentation fee, while the seller may charge additional completion fees under the Special Conditions.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rental income and gross yield therefore cannot be established. The property has both commercial takeaway and residential accommodation, so the income profile would also require separate verification for the shop and flat.

Flip Analysis

A flip assessment cannot be supported. The available residential comparables are not directly comparable to the mixed-use subject, and no works budget or supported resale GDV is provided. No selling allowance has been supplied.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or passing rent is supplied.

• The available sold comparables are mainly residential terraced properties and may not reflect the value of the mixed-use building.

• Commercial EPC is listed as TBC.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Parking and heating information require confirmation from the auction centre.

• The condition and compliance of the takeaway premises, equipment and self-contained flat are not evidenced.

Recommendation

Do not underwrite a purchase, refinance or resale strategy from the supplied evidence alone. Proceed only after obtaining the Special Conditions, confirming any seller fees, inspecting the building and commercial equipment, and establishing separate market and rental evidence for the shop and flat.

Strategy Rating

Analysis Confidence

The listing provides a guide price, description and local sales evidence, but no directly comparable mixed-use sale, rental evidence, auctioneer rent estimate, refurbishment budget, commercial EPC, or confirmed seller fees.