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Residential Development for sale

The Power Hall, Winding Wheel Lane, Hengoed, Caerphilly, CF82 6AL

Guide Price* 3.8 ac. | £325,000

Property Description

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  • 3.8 acres (1.5 hectares)

Full description

Tenure: Freehold

FOR SALE BY AUCTION - 29th OCTOBER 15 - THE PARK INN, LLANEDYRN, CARDIFF, 5PM

HISTORICAL BUILDING FOR CONVERSION
An impressive and historic grade II listed building designed by George C Hann and constructed in 1906 of pennant sandstone with redbrick dressing. The building forms part of the Pithead Complex for the Penallta Colliery described by Historic Wales as "an exceptionally fine Colliery Complex". The building is believed to measure approximately 100m x 23m on a site area of circa 3.8 acres. It benefits from planning permission for conversion to 42 two bedroom apartments and 6 one bedroom flats. The property is situated on Winding Wheel Lane close to the entrance of the popular Cwm Calon Housing Development on the edge of Ystrad Mynach. It has excellent access to all local amenities including schools, hospital and shops together with Parc Penallta Country Park which is located opposite the site. Ystrad Mynach has its own train station which is situated on the Cardiff to Rhymney line.

PLANNING PERMISSION
Implemented planning consent for the conversion of the building exists under planning consent P/99/0768.

Tenancies: To be sold with vacant possession
Tenure: Advised Freehold - to be verified by a solicitor
Viewing: Paul Fosh Auctions, 87 Church Road, Newport, NP19 7EH
01633 254044
Guide Price: 325,000 +


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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Paul Fosh Auctions, Newport on 01633 254044.


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