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    Key features

    • To be offered on Tuesday 27 January
    • Vacant Retail Opportunity
    • Triple Fronted Retail Unit and Upper Parts
    • Asset Management Potential Via Letting
    • Opportunity to Split Into Separate Units
    • Development Potential (subject to consents)
    • Opportunity to Create a High Yielding Investment
    • Previously Let for £115,000 per annum
    • 17,345 sq ft (1,611.35 sq m)
    • Prominent High Footfall Pitch
    • Offered with Full Vacant Possession
    • Guide Price Reflects a Low £8.65 per sq ft

    Description

    The property comprises a vacant retail opportunity with both asset management and development potential (subject to obtaining the requisite consents).

    Arranged as a triple retail unit to the ground floor with ancillary space to the first floor, the property is offered with full vacant possession and offers evident asset management potential via letting as a single unit. Furthermore, the property could be sub-divided into separate units and let to create a diverse, high yielding, investment. We understand the property was previously let to Wilko for £115,000 per annum.

    The upper parts comprise approx. 1,931 sq ft of accomodation and could be suitable for conversion to alternative uses, including residential (subject to obtaining the requisite consents).

    Crane Street is one of the principal retail streets in Pontypool, nearby occupiers include Iceland, Boots, and a number of local occupiers. Pontypool Indoor Market is almost immediately adjacent to the property.

    Additional information

    Tenure

    Freehold

    Notes

    We understand the property is elected for VAT.

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      EPC rating

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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