Lot 29 - Tredegar Junction Hotel, Commercial Street, Pontllanfraith, Blackwood, NP12 2JY

  • Unconditional Online Auction Sale
  • Guide Price* : £295,000

Development Opportunity

Description

A substantial development site which benefits from planning for conversion of the existing public house into seven apartments and six further plots for three bedroom houses and four newly constructed apartments. The site is situated in a popular location within easy reach of Blackwood town centre with its wide range of amenities and shopping facilities. The expected gross development value is in the region of £1.5 to £1.7 million. Interested parties should make their own enquiries in regards to end value.

Planning
Planning has been granted for development of seven apartments in the existing building, six new houses and four new apartments;
Planning application numbers 18/0594/NCC and 16/0607 Caerphilly Borough Council

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 £750) 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. Please check accompanying legal pack for further details.

* 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.

Bidding not yet open
Minimum Opening Bid

£275,000


Bidding Opens On
8th Dec 2020 12:00
End Date

Connecting to server...

Office Contact

Sean Roper - sean@paulfoshauctions.com

Viewing

Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

Legal Documents

Log in to view legal documents

Share