5 Market Place, Abercarn, Newport, Gwent, NP11 5GW
- PROPERTY TYPE
Commercial Property
- BEDROOMS
5
- BATHROOMS
5
- SIZE
Ask agent
Description
Guide Price: £119,000+
INVESTMENT OPPORTUNITY
A substantial end of terrace property situated in the popular village of Abercarn. This versatile building offers superb potential for a variety of future uses (subject to any necessary consents).
Formerly operated for many years as a well-known public house, and more recently used as a care home, the property offers generous internal space arranged over multiple floors, with a mix of rooms in good order and others requiring improvement or refurbishment.
Conveniently located close to local amenities and transport links, the property provides easy access to the nearby towns of Newbridge and Risca, with the M4 motorway approximately 8 miles away. Nearby railway stations at Cross Keys and Newbridge offer additional commuting options.
Benefitting from gas central heating and double glazing, this is a prime opportunity for investors or developers seeking a project with excellent scope and flexibility.
Whether your interest lies in re-establishing a public house, converting to an HMO, or exploring alternative commercial or residential uses (subject to the necessary permissions), this property represents an exciting and adaptable investment opportunity.
Accommodation
Basement - Cellar area, former commercial kitchen area, toilet block
Ground Floor - Entrance hall, lounge/living area, office, former bar area, toilet block
First Floor - Landing, living-room, 3-bedrooms (one with en-suite), kitchen, shower-room
Second Floor - Landing, living room, kitchen/diner, 2-bedrooms, bathroom
Tenancy Details
To be sold with vacant possession
Tenure
Tenure is advised Freehold
Applicable Fees Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at inc. VAT of the final sale price (subject to a minimum of inc. VAT).
Brochures
Legal DocumentsOnline Bidding5 Market Place, Abercarn, Newport, Gwent, NP11 5GW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newbridge Station1.3 miles
- Crosskeys Station1.9 miles
- Risca & Pontymister Station3.4 miles
Notes
Disclaimer - Property reference 324121. 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 Sage & Co Auctions, Cwmbran. 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 Sage & Co Auctions, Cwmbran on 01633 603899.
*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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