Lot 55 - Former Iron Works, Iron Way, Tondu, Bridgend, CF32 9BF

  • Unconditional Online Auction Sale
  • Guide Price* : £320,000+
  • Bedrooms: 0

Addendum

This lot has been sold prior.

Former Iron works for Office or Redevelopment Opportunity

Description

An opportunity to acquire a substantial Grade II listed freehold building which was formerly part of the Iron works. This versatile building would be ideal for a number of uses including its current configuration as offices or conversion to residential such as a number of flats or one large dwelling. The property would also be ideal for tourism based use such as small hotel, B&B or outdoor pursuits type centre (subject to necessary planning consents). The property currently has planning for a single dwelling.

Download the legal documents for this property.

The village of Tondu lies just 2 miles from the M4 motorway with easy access to both Cardiff and Swansea. The building itself was renovated and refurbished in 2000 with the support of Cadw and the Millennium Commission and currently provides office accommodation over four floors. Externally there is an attractive parkland setting and the property is approached by a driveway with it's own private parking area.

Accommodation

Floor Description Area Sq Ft Area Sq M
Lower Ground Floor Meeting room/Staff room 307 28.51
Lower Ground Floor Separate male, female and disabled wc's
Ground Floor Office space 522 48.6
First Floor Office space 1,096 101.8
Second Floor Office space 660 61.3
Total 2,585 240.21

Tenancies

To be sold with vacant possession but let until recently at £30,000 pa

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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Paul Fosh Auctions
01633 254044

Office Contact

Sean Roper

Documents

Auction Finance

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