Lot 12 - The Greenway Social Club, 6 Greenway Drive, Griffithstown, Pontypool, NP4 5AZ

  • Unconditional Online Auction Sale
  • Guide Price* : £350,000+

Development Opportunity

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

A substantial former social club with land and car park. The site measures approx. 0.86 acres/3,470 sq m and would be ideal for residential development or other commercial uses such as care home (subject to neccesary planning consents).

The club traded until early 2020 and requires significant improvement and modernisation should it be utilised in the future, however, it is envisaged that it would be better cleared for redevelopment of the whole site. The surrounding estate has a mix of larger executive detached residence and semi detached properties.

The town of Griffithstown is a highly sought after location with an excellent range of local amenities and shopping facilities and schools at both primary and senior level. There are superb road links to Cwmbran, Newport and the M4 motorway.

Accommodation

Ground Floor: Entrance, concert room/bar, lounge, bar, 3 store rooms, spacious function room, wcs, cellar room
First Floor: Games room, former office and store, kitchenette,historic living rooms
Outside: Drive leading to parking area, gardens and land to front side and rear

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, 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.

Bidding not yet open
Minimum Opening Bid

£320,000


Bidding Opens On
27th Apr 2021 12:00
End Date

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Office Contact

Sean Roper - sean@paulfoshauctions.com

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Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

Legal Documents

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