Lot 53 - Former White Rose Cinema, Richmond Road, Pontnewydd, Cwmbran, NP44 1EQ

  • Unconditional Online Auction Sale
  • Guide Price* : £50,000+
  • Bedrooms: 0

Former Cinema for Commercial/Residential investment

Description

ONLINE AUCTION from 7th DECEMBER-9th DECEMBER

Located to the rear of Richmond Road this former cinema would make an ideal warehouse, workshop, or gym. There may also be a possibility for residential accommodation, (subject to necessary planning consents). There is a free car park located in close proximity to the property.

To the font of the building there are two entry points, this may allow for the building to be converted into multiple units. The main entry point has a roller shutter door which would allow access for a large vehicle.

The total area of the main building is approximately TBC, the height of the building is approximately TBC which may allow for an mezzanine level.

Directions: Follow the one-way system in Pontnewydd village. Straight after the hairdresser's and prior to the dentist there is a lane where the former cinema is located.

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/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.

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