Lot 2 - 5 Market Place, Abercarn, Newport, Gwent, NP11 5GW
- Unconditional Online Auction Sale
- Guide Price* : £119,000+
- Bedrooms: 5
- Bathrooms: 5
- Reception Rooms: 3
INVESTMENT OPPORTUNITY
Description
A substantial end of terrace property situated in the popular village of Abercarn. This versatile building offers superb potential for a variety of future uses (subject to any necessary consents).
Formerly operated for many years as a well-known public house, and more recently used as a care home, the property offers generous internal space arranged over multiple floors, with a mix of rooms in good order and others requiring improvement or refurbishment.
Conveniently located close to local amenities and transport links, the property provides easy access to the nearby towns of Newbridge and Risca, with the M4 motorway approximately 8 miles away. Nearby railway stations at Cross Keys and Newbridge offer additional commuting options.
Benefitting from gas central heating and double glazing, this is a prime opportunity for investors or developers seeking a project with excellent scope and flexibility.
Whether your interest lies in re-establishing a public house, converting to an HMO, or exploring alternative commercial or residential uses (subject to the necessary permissions), this property represents an exciting and adaptable investment opportunity.
Accommodation
Basement - Cellar area, former commercial kitchen area, toilet block
Ground Floor - Entrance hall, lounge/living area, office, former bar area, toilet block
First Floor - Landing, living-room, 3-bedrooms (one with en-suite), kitchen, shower-room
Second Floor - Landing, living room, kitchen/diner, 2-bedrooms, bathroom
Tenancy Details
To be sold with vacant possession
Tenure
Tenure is advised Freehold
Auction Fees And Additional Costs
The purchaser will be charged a buyers premium of 1.20% of the sale price with a minimum fee of £1,195 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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