Waiting for video...
This property has sold prior to auction.
ONLINE AUCTION from 7th SEPTEMBER-9th SEPTEMBER
An opportunity to acquire a substantial freehold building that has most recently traded as a public house/restaurant but would be ideal for numerous commercial uses or conversion to residential (subject to necessary planning consents). The property requires extensive renovation, offers generous accommodation over three floors, benefits from a cellar and externally there is a garden to the side. The village of Blaina is ideally situated for access to Brynmawr and the A465 Heads of the Valley trunk road.
The development currently has planning permission for a total of five flats – 2 two-bedroom flats and 3 one-bedroom flats. We have been informed that permission for this is valid until February 2021. There has also been a positive indication from Blaenau Gwent County Borough Council that planning may be considered for seven supported accommodation flats.
Ground Floor: Entrance, main bar, restaurant seating area, rear bar, former kitchen area, 2 wcs
Lower Ground Floor: Cellar
First Floor: 5 rooms, store, kitchen area, bathroom
Second Floor: 3 rooms, wc, shower room
Outside: Garden area to side
To be sold with vacant possession
Advised Freehold - to be verified by solicitor
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.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.