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ONLINE AUCTION from 29th AUGUST-31st AUGUST
A former public house with planning consent for eight, one bed self-contained flats. The property is briefly comprised of a ground floor lounge/bar area, former kitchen, toilets and function room. Located on the first floor of the property are seven good sized bedrooms, five of which have en-suites. There is also a basement with cellar. Outside of the property there is a garden area/smoking area and parking for a number of vehicles.
Whilst the property does have planning consent for flats, (subject to the relevant planning consent) the property may also be suitable for use as a public house with Airbnb, or for alternative use such as a gym or restaurant.
Situated in the town of Pontardawe in a prominent position on the corner of James Street, Dynevor Terrace and Quarr Road. This property is ideally located in along the A474 which is the main thoroughfare through the valley. Within close proximity to the main high street as well as residential property this property would make an ideal investment.
Planning has been granted for proposed conversion of public house into eight, one bedroom self-contained flats with associated works comprising part demolition of single storey rear extension, installation of window openings on rear and side elevations. Further information can be found via Neath and Port Talbot Council, planning reference: P2021/0902.
|Floor||Description||Area Sq Ft||Area Sq M|
|Ground Floor||Bar/Lounge Area||1653.34||153.6|
|First Floor||Room 1|
To be sold with vacant possession
Advised Freehold - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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