Lot 9 - Former Bakery Site, Isaf Road, Risca, Caerphilly Cbc, NP11 6EG
- Unconditional Online Auction Sale
- Guide Price* : £59,000+
- Bedrooms: 0
SITE WITH POTENTIAL
Description
The former site of a bakery, located in the popular town of Risca near Newport. The site is situated within a mainly residential area of Risca and backs onto the former home of Risca Football Club. The main bakery building was single storey and remains in place, despite being fire-damaged many years ago. There is an additional brick built, two storey building on the site, which has been affected by smoke damage only. We are informed by the current owner that the first floor was used as an apartment many years ago. Historically, there was also another building attached to this, which has since been demolished.
Risca offers a large selection of shops and amenities, as well as convenient road links via the A467, which meets with the M4 motorway at junction 28 approximately 4.5 miles away. There is also the added benefit of Risca Railway Station which is less than a 2-minute walk from the property and provides access to Ebbw Vale in the north and Cardiff city centre in the south.
The site offers great potential re-development for both commercial and residential purposes (subject to the necessary consents).
Tenancy Details
To be sold with vacant possession
Tenure
Tenure is advised Freehold - to be verified
Auction Fees And Additional Costs
Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at 1.2% inc. VAT of the final sale price (subject to a minimum of £995 inc. VAT).
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. 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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