Lot 65 - Cwmbran Sports and Social Club, 5-7 Commercial Street, Cwmbran, NP44 3LR
Lot 65 - Cwmbran Sports and Social Club, 5-7 Commercial Street, Cwmbran, NP44 3LR
Addendum
This property has been withdrawn from auction.
Guide Price* : £220,000 +
- Unconditional Online Auction Sale
- 2 Bedrooms
Commercial Investment
Description
ONLINE AUCTION from 8th JUNE-10th JUNE
This two storey former sports and social club is located on Commercial Street, in the town of Cwmbran. The property is located within close proximity to Cwmbran town centre and rail links. Additionally, the hospital is less than a 10 minute drive. The property occupies a prominent corner plot of Commercial Street and Clomendy Road.
The building briefly comprises of two lounge areas with bar, first floor function room and two bed owner's accommodation on the first floor.
Subject to planning consent the property may be suitable for a number of uses for example a gym, restaurant or public house. We have been advised that there may also be potential for residential accommodation.
The vendor has advised that they have received pre app planning advice for x 11, 1 bedroom apartments, 7 parking spaces and x2 retail units on the ground floor.
Accommodation
Ground Floor: Bar, lounge, kitchen, male wc, female wc, function room
First Floor: Function room 1, male wc, female wc, storage room/ office, 2 bedrooms, bathroom, living room, kitchen, extension
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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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.
Guide Price* : £220,000 +
- Unconditional Online Auction Sale
- 2 Bedrooms
Commercial Investment
Viewing
Paul Fosh Auctions
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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