Lot 18 - 8 Windsor Road, Griffithstown, Pontypool, NP4 5HY

  • Unconditional Online Auction Sale
  • Guide Price* : £78,000+

UNCONDITIONAL AUCTION - Investment/Redevelopment Opportunity

Description

A freehold mid terraced, two storey building comprising 187.3 Sq m (2.016 Sq ft) of commercial and ancillary accommodation. The property comprises a ground floor retail unit with first floor ancillary space. Furthermore, full planning permission was granted on 12 September 2018 for conversion of the upper and rear sections to provide two self contained flats.

Planning consent was passed by Torfaen County Borough Council on 12 September 2018 under Application No. 18/P/0488/FUL. Planning was also granted to allow for a new shop front, which provides opportunity to increase the retail area.

Windsor Road is the main shopping street in the village of Griffithstown where there are a mix of both local traders and national retailers including The Co-Operative, Lloyds Pharmacy, Monmouthshire Building Society and Fighting Fit Gym. Griffithstown is within close proximity to the A4042 providing nearby links to Cardiff in the south west and Bristol in the south east. Cwmbran town centre and train station are approximately 2 miles in the south.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Retail 623 57.9
Ground Storage 74 6.9
First Ancillary 1,319 122.5
Total 2,016 187.3

Viewing Schedule

Date Time
Wed 06 Mar - Tues 12 Mar - Tues 19 Mar 16.00

Tenancies

The property is currently let by way of a five year lease commencing 1st January 2019 at a rent of £12,000 per annum

Tenure

Advised Freehold - to be verified by solicitor

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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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Office Contact

Matthew Jordan

Viewing

Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

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