Lot 41 - The Former Golden Lion Inn, 21 Queen Street, Nantyglo, Ebbw Vale, NP23 4LW

  • Unconditional Online Auction Sale
  • Guide Price* : £165,000+

Addendum

This lot has been withdrawn prior.

View a Walkthrough of the Property

Commercial/Re Development Opportunity

Description

ONLINE AUCTION 11th JUNE 2020

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 neccessary 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 neccessary 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 also internally. 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 accommodation with three separate rooms, commercial kitchen area
Lower Ground Floor: Former cellar area with multiple rooms, garage door access
First Floor: Landing, Self contained two bedroom flat, a further 3 bedrooms (all with en suite shower rooms), storage area
Outside: Rear garden

Please note: *Further improvements have been implemented since the virtual tour and photographs were uploaded. The property is almost completely renovated throughout.*

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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