Lot 28 - Former Cwm Sports Club, Marine Street, Cwm, Ebbw Vale, NP23 7ST
Lot 28 - Former Cwm Sports Club, Marine Street, Cwm, Ebbw Vale, NP23 7ST
Addendum
The guide price has been increased.
Guide Price* : £88,000+
- Unconditional Online Auction Sale
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/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* : £88,000+
- Unconditional Online Auction Sale
LOT 28 - Commercial Development with Residential Planning for six self contained apartments
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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