Lot 3 - 21 George Street, Pontypool, Gwent, NP4 6LR
- Unconditional Online Auction Sale
- Guide Price* : £135,000+
- Bedrooms: 4
- Bathrooms: 1
- Reception Rooms: 2
MIXED-USE INVESTMENT OPPORTUNITY
Description
An excellent opportunity to acquire a substantial mixed-use freehold property situated in the heart of Pontypool town centre. Offering both residential and commercial accommodation, this property presents an ideal purchase for investors seeking a dual-income asset in a popular and well-established location.
The property comprises a spacious and recently renovated three/four-bedroom maisonette arranged over the first and second floors, together with a ground floor commercial unit which is currently let and will be sold with tenants in situ, providing immediate rental income from completion.
The residential accommodation is well presented throughout and benefits from gas central heating via a combination boiler, as well as traditional sash windows complemented by secondary glazing. The first floor briefly comprises a living room, fitted kitchen, utility area and a versatile dining room which may also be utilised as a fourth bedroom. To the second floor are three further bedrooms, a family bathroom and separate WC.
The ground floor shop offers a main retail area, storage room, kitchen area and WC. The commercial premises enjoys a town centre position with good footfall and long-standing occupancy, making it a stable and attractive investment element of the property.
Externally, the property benefits from a right of access to a secure gated yard to the rear, providing valuable off-road parking within the town centre.
The property is offered for sale by auction with the freehold included, presenting a rare opportunity to acquire a well-maintained mixed-use building with strong income potential in a sought-after location.
Accommodation
Ground Floor - Commercial unit comprising of main shop area, storage room, kitchen and WC
Entrance to maisonette (through gates and to side of building)
First Floor - Landing, living-room, kitchen, utility area, dining-room/bedroom
Second Floor - Landing, 3-bedrooms, bathroom, WC
Tenancy Details
Commercial Unit - To be sold subject to on-going tenancy at £360 per calendar month.
Maisonette - To be sold with vacant possession
Tenure
Tenure is advised as 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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