Lot 87 - Land to the Rear of Rifle Street, Blaenavon, Pontypool, NP4 9QS

  • Unconditional Online Auction Sale
  • Guide Price* : £54,000+

Land with potential

Description

ONLINE AUCTION from 8th - 10th June

The site extends to circa 1.0 acre and previously had outline planning consent for residential development. There are currently a number of vacant garages on site offering a potential rental income. A previous indicative scheme has been prepared which shows 11 units and we are advised the Section 106 agreement had not been completed. This development was disposed of by the local planning authority in 2016.

The site is located to the rear of Rifle Street where the road forks with Abergavenny Road (B4246). The site has good road connections with easy access to the A4042 providing links to the M4 at Junction 26 in the south.

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. 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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Sold for £58,500

This auction is now closed.

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