Lot 57 - 4 Market Street, Blaenavon, NP4 9ET
- Unconditional Online Auction Sale
- Guide Price* : £38,000+
- Bedrooms: 0
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Lot 57 - Commercial Investment
Description
ONLINE AUCTION from 18th JUNE-20th JUNE
A two storey workshop most recently used as storage/office space. The property would be suitable for use as a workshop, storage space, or catering facility.
The property briefly comprises of storage space, a WC, disabled WC, and kitchenette to the ground floor and storage space/office space to the first floor.
Historically the property contained large doors to the front of the property allowing a workman van to be parked inside. Subject to the relevant planning consent these may be reinstated. Images showing this have been included in the legal pack.
Subject to the relevant consents the property may be suitable for residential development.
Location
Blaenavon is a town and community in Torfaen county borough, Wales, high on a hillside on the source of the Afon Lwyd. Parts of the town and surrounding country form the Blaenavon Industrial Landscape, selected as a World Heritage Site by UNESCO in 2000. Attractions in the town include the Big Pit National Coal Museum (an Anchor Point of the European Route of Industrial Heritage), Blaenavon Ironworks, the Pontypool and Blaenavon Railway and Blaenavon World Heritage Centre. The town has many historical walks through the local mountains
The property is located in Blaenavon town centre on Market Street, one of the streets connecting to the main shopping throughfare. The property is located close to the A4043 which provides access to Pontypool, Cwmbran and Newport. The property is situated on the local bus route and is within walking distance local amenities
The property is located directly opposite a public car pack which currently allows free parking.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been informed that there is no VAT due on this property.
Lease Start Date
31/03/1912
Lease Duration
788 years (676 years unexpired)
Accommodation
| Floor | Area Sq Ft | Area Sq M |
|---|---|---|
| Ground Floor | 790.50 | 73.44 |
| First Floor | 790.50 | 73.44 |
Tenancies
To be sold with vacant possession
Tenure
Advised Leasehold - to be verified by solicitor
Auction Fees And Additional Costs
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
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