Lot 47 - The Former Golden Lion Inn, 21 Queen Street, Nantyglo, Ebbw Vale, NP23 4LW
- Unconditional Online Auction Sale
- Guide Price* : £165,000+
- Bedrooms: 1
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Commercial/Development Opportunity
Description
The property is a freehold end of terrace three storey building located on the busy thoroughfare in Nantyglo.
The building was a prominent public house/bed & breakfast in the area until a few years ago. The property has since undergone extensive renovations throughout and is now adaptable to many other suggested uses (subject to necessary planning consents).
The former bar and lounge area on the ground floor is now a large open plan area which would suit many commercial ventures or could offer scope for further development into apartments (subject to the necessary planning consents).
The commercial kitchen area is still in place also but has been improved. The lower ground floor was used as a drinks cellar with multiple storage areas and again would offer clients a high level of potential. There is access to this area from the rear garden but internally also. The first floor has been renovated to include a self contained apartment and further rooms for potential lets. There is a loft area (not inspected) which could offer further scope. The property has not only been renovated throughout but now has a newly fitted fire sprinkler system installed.
Nantyglo offers good road links to the towns of Brynmawr, Ebbw Vale and Abertillery via nearby A467 and A465 (Heads of the Valley road).
Accommodation
Ground Floor: Spacious open plan accomodation, kitchen area
Lower Ground Floor: Former cellar area with multiple rooms
First Floor: Self contained two bedroom flat, 3 rooms, storage area
Outside: Rear garden
Tenancies
To be sold with vacant possession
Tenure
Advised Freehold - 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 £975) 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
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