Cwmbran Sports and Social Club, 5-7 Commercial Street, Cwmbran, NP44 3LR

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 of 1.5% of the purchase price (subject to a minimum of £1,500) 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.