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SOLD STC

Flats 1-7, Prices Court, Gwyddon Road, Abercarn, Caerphilly Cbc, NP11 5GX

Description

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 29th April 2025 at 04:55 PM with registration through our website.

Site prime for re development with freehold title including 7 derelict Ground & First Floor flats and surrounding land with potential subject to planning permission and consent. Sold with vacant possession.

Description
Opportunity to acquire the freehold title along with 7 derelict flats in Prices court, also including as we understand it a 25 year lease assigned to Flat 2 expiring in 2031. There is also some surrounding land with potential which could be prime for further redevelopment subject to obtaining the necessary consents.

The site is derelict and requires total redevelopment and renovation throughout or even demolition if suitable and able. The land to the side itself appears to be overgrown in most places. Please note this site forms part of a separate title which can not be obtained or sold (front element of former police station). Our recommendation is to seek legal advice for further information in relation to this.

The site and land is open for external inspection but please do not enter the land to inspect under any circumstances. Neither the seller nor the auctioneers will be responsible for any accident howsoever caused.

Please refer to the legal pack once available for further details of the boundaries and tenure information. If interested, please register through our website and you will be informed as soon as the legal pack is available.

Accommodation
2 x 2beds
5 x 1bed/studio
Statement of accommodation above is provided by the vendor and is to be used as guidance only and not necessarily correct

Informed Freehold please refer to legal pack for verification of tenure

Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Further Information
Auctioneers Office, Seel and Co

Viewing
External Inspection only. Internal access not available

Brochures

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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Flats 1-7, Prices Court, Gwyddon Road, Abercarn, Caerphilly Cbc, NP11 5GX

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About Seel & Co Ltd, Cardiff - Auctions

Desg, 11-13 Penhill Road, Pontcanna, Cardiff, CF11 9PQ

Seel & Co?s property auction department was established in April 2000 and since then the team have disposed of nearly a quarter of a billion pounds of assets and sold approximately 3,500 lots. Seel & Co are expert in the disposal of both residential and commercial property including retail, industrial, offices and licensed trade as well as development land & property, commercial and residential ground rents (and wasting Leasehold interests), commercial and residential investments and agricultural/rural interests.

The auction department cover the whole of Wales and boast the highest sales conversion rate in the region with an average sales rate of 87% achieved in 2014. This year our current conversion rate is in excess of 90%.

If you are considering Auction as a route to sale and require further information, please contact one of our experienced members of staff who will be ready and able to assist. For Welsh speakers, we do offer a Welsh speaking service.

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Disclaimer - Property reference 286177. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Seel & Co Ltd, Cardiff - Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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 Seel & Co Ltd, Cardiff - Auctions on 029 2271 6399.

*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.”

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