14 Crane Street, Pontypool, NP4 6LY
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- High Street location
- Scope to be divided into individual units
- Close to local amenities
Description
ONLINE AUCTION from 10th MARCH-12th MARCH
The property is situated on Crane Street, within Pontypool High Street, and is currently vacant.
We have been informed by the landlord that Heads of Terms have been issued to a soft play operator for a proposed 10-year lease at approximately £25,000 per annum, with a tenant break option at year 5.
The property provides scope to be subdivided into a number of individual units, which could then be let separately to create a varied and potentially strong yielding investment. We understand that the premises were previously generating rental income of £46,000 per annum.
The upper parts may also offer potential for conversion to alternative uses, including residential, subject to obtaining the necessary planning consents.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
To be sold with vacant possession
Energy Performance Certificates
EPC 1Brochures
14 Crane Street, Pontypool, NP4 6LY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Pontypool & New Inn Station1.2 miles
- Cwmbran Station3.4 miles
- Llanhilleth Station4.0 miles
Notes
Disclaimer - Property reference 333806. 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 Paul Fosh Commercial, South Wales. 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 Paul Fosh Commercial, South Wales on 01633 603812.
*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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