Lot 65 - Cwmbran Sports and Social Club, 5-7 Commercial Street, Cwmbran, NP44 3LR

  • Unconditional Online Auction Sale
  • Guide Price* : £220,000 +

Addendum

This property has been withdrawn from auction.

Commercial Investment

Description

ONLINE AUCTION from 8th JUNE-10th JUNE

This two storey former sports and social club is located on Commercial Street, in the town of Cwmbran. The property is located within close proximity to Cwmbran town centre and rail links. Additionally, the hospital is less than a 10 minute drive. The property occupies a prominent corner plot of Commercial Street and Clomendy Road.

The building briefly comprises of two lounge areas with bar, first floor function room and two bed owner's accommodation on the first floor.

Subject to planning consent the property may be suitable for a number of uses for example a gym, restaurant or public house. We have been advised that there may also be potential for residential accommodation.

The vendor has advised that they have received pre app planning advice for x 11, 1 bedroom apartments, 7 parking spaces and x2 retail units on the ground floor.

Accommodation

Ground Floor: Bar, lounge, kitchen, male wc, female wc, function room
First Floor: Function room 1, male wc, female wc, storage room/ office, 2 bedrooms, bathroom, living room, kitchen, extension

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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