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. 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.
This auction is now closed.
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