Lot 43 - 8/8a Market Street, Ebbw Vale, NP23 6HJ
- Unconditional Online Auction Sale
- Guide Price* : £58,000+
- Bedrooms: 0
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Addendum
The guide price has been increased.
Commercial Unit with Residential Planning
Description
ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY
This three storey building is located on a popular commercial road. There are a number of independent and national retailers located within close proximity, namely Boots Pharmacy, Peacocks Clothing Store and Lloyds Bank.
Formerly occupied as an opticians, this property is now ready for renovation. The vendor has informed us that the current planning permissions are for two commercial premises, with one occupying the basement and ground floor of the main building and the other the basement and first floor of the rear extension. The basement of the rear is at ground level. The new planning permission is for two flats on first and second floors of the main building - planning reference: C/2020/0152.
Government grants may be available to assist with the works on this property, for further information please speak directly with Blaenau Gwent Council.
The lower ground floor is comprised of a head height basement, the ground floor was formerly occupied as a opticians although is now ready for renovation, as are the top two floors. There is access to the rear of the property which also may provide space for parking.
VIRTUAL TOUR
Accommodation
Lower Ground Floor: Basement
Ground Floor: Former opticians
First Floor: Vacant space
Second Floor: Vacant space
Outside: Access to rear
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
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