Sold £144,000
- Commercial Property
- Tenure: See Legal Pack
Call the team on 02920 475 184 for more information
Substantial Former Bank with Generous Private Car Park to the Rear
An attractive former substantial bank having three storeys along with the basement in addition. We are advised that the building is Grade II Listed having attractive stone and brick elevations. We are advised that the net internal areas not including the basement total 4969 sqft / 461.63 sqm (however, we advise any interested party to confirm these measurements independently. The accommodation is currently laid out with a banking hall to the ground floor with office accommodation to the upper floors. In our opinion, the property would suit a business occupier or could be divided into several independent office units or could offer a development opportunity for conversion to a mixed use/residential scheme subject to all usual consents. The subject property is situated in a prominent position on Hanbury Road within a mixed use retail and residential location within Pontypool town centre. Also, within close proximity to the A472, approximately 9.8 miles north of Newport, and approximately 11.2 miles south of Abergavenny, the A40 and the A465 Heads of the Valleys Road.
Tenure
See Legal Pack
Basement
No internal measurements but consisting of the former vaults from being occupied formerly by Lloyds Bank
Ground floor
Approximately 2,463 sqft / 228.8 sqm
First Floor
1,500 sqft / 139.4 sqm
Second Floor
1006 sqft / 93.5 sqm
Outside
Generous surface laid private car park with wide side pathway leading to the front of the building.
Viewings
Through Auction House Wales on 02920 475184
Energy Efficiency Rating (EPC)
Current Rating D
Local Authority
Torfaen County Borough Council
Solicitors
Nexa Law, Nexa Law, Ref: Nexa Law, Tel: 01691 655060
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £600 inc VAT payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
