Lot 20 - 40 Broad Street, Blaenavon, NP4 9NF

  • Unconditional Online Auction Sale
  • Guide Price* : £55,000+
  • Bedrooms: 0

Addendum

Please note: The property is Leasehold.

Lot 20 - Former Bank

Description

ONLINE AUCTION from 11th APRIL-13th APRIL

An attractive stone built building, formerly used as a bank. The property is comprised of several rooms over three floors plus a basement, and is in need of modernisation.

We have been advised that the property may be applicable for a grant, further information can be found by contacting Torfaen Council. Subject to necessary consents this property may be available for development.

Additionally the property has a cash machine which is currently generating an income.

Location
Located on the main high street in Blaenavon, this property holds a prominent core position on the intersection of Broad Street and Lion Street.

Ideally situated within walking distance from tourist attractions such as Blaenavon Ironworks, The Heritage Railway, World Heritage Centre and The Big Pit.

Additionally, Blaenafon Cheddar Co is located on Broad Street which brings a lot of tourists to the area. Directly behind the building is Lion Street public car park, and Lion Street bus station, this property is within close proximity to transport links and all local amenities.

Services
The property benefits from gas, water and electric (not tested).

VAT
We have been advised that there is no VAT applicable on this sale.

Lease Start Date

30/06/1864

Lease Duration

999 years (840 years unexpired)

Accommodation

Please Note: We were unable to gain access to the second floor.;

Floor Description Area Sq Ft Area Sq M
Basement Safe Area n/a n/a
Room 1 n/a n/a
WC n/a n/a
WC n/a n/a
Room 2 n/a n/a
Ground Floor Main Retail Area 423.77 39.37
Small Office Area 24.86 2.31
First Floor Room 1 177.38 16.48
Room 2 82.34 7.65
Room 3 49.19 4.57

Tenancies

To be sold with vacant possession

Tenure

Advised Leasehold - 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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Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

Documents

Auction Finance

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.

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