Lot 28 - Former Cwm Sports Club, Marine Street, Cwm, Ebbw Vale, NP23 7ST

  • Unconditional Online Auction Sale
  • Guide Price* : £88,000+
  • Bedrooms: 0

Addendum

The guide price has been increased.

LOT 28 - Commercial Development with Residential Planning for six self contained apartments

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

A former sports club located in Ebbw Vale in a prominent position on the intersection of Marine Street and River Road. Ideal for commuters, Ebbw Vale train station is 1.5 miles from the property and there are a number of bus routes within close proximity.

The property benefits from full residential planning and drawings for the development for six self-contained apartments. Further information can be found via Blaenau Gwent Council planning reference C/2018/0115

The building is briefly comprised of three floors with the ground and first floor being open space, and the second floor a converted attic space with a number of rooms.

We have been advised that there may be government grants and loans available for the redevelopment of this property.

Accommodation

Ground Floor: Open plan space, room to rear (former male toilets)
Lower Ground Floor: Head height basement
First Floor: Large open plan space
Second Floor: Converted attic space

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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