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12 bedroom flat for sale
Development | Pontypool
£150,000
Development | Pontypool
£150,000
Our Summary
- Hollis Morgan – JUNE LIVE ONLINE AUCTION – A Freehold DEVELOPMENT OPPORTUNITY ( 5782 Sq Ft ) with PLANNING to convert this FORMER BANK into 6 X APARTMENTS + COMMERCIAL + 14 x PARKING spaces
- For Sale By Live Online Auction - ADDRESS | Former Bank 4 Hanbury Road, Pontypool, Gwent NP4 6YELot Number 38The Live Online Auction is on Wednesday 18th June 2025 @ 17:30Registration Deadline is on Monday 16th June 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer
- Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”Guide Price Range - The vendors have issued a guide price range of £150,000 - £200,000
- This substantial building presents a unique opportunity for redevelopment or continued commercial use, subject to relevant consents
- A significant feature is the extensive car parking provision to the rear, accommodating approximately 14 vehicles, making it exceptionally well-suited for businesses or residential conversion requiring ample parking in a prime location
- Tenure - Freehold Utilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal PackThe Opportunity - PLANNING GRANTED | MIXED USE SCHEMEPlanning has been granted to convert the property into a mixed use scheme of 6 apartments and a large commercial ( scope to split commercial into 2 units ) 24/P/0618/FUL | Change of use to former Bank create six residential flats (C3 Use)
- The commercial unit has scope to be split into 2 separate units, which should achieve in the region of £190,000
- Planning | 6 Flats - Reference24/P/0618/FULAlternative ReferencePP-13439463Application ReceivedTue 01 Oct 2024Application ValidatedMon 18 Nov 2024AddressFormer Lloyds Bank Hanbury Road Pontypool Torfaen NP4 6YEProposalChange of use to former Bank create six residential flats (C3 Use)
- FOR SALE BY ONLINE AUCTION
- FREEHOLD DEVELOPMENT OPPORTUNITY
- JUNE LIVE ONLINE AUCTION
- RESI PLANNING GRANTED
Description
A former Lloyds Bank building in Pontypool, Gwent, is being sold by live online auction on June 18th, 2025, with a guide price range of £150,000 to £200,000. The 5782 sq ft property, listed as Grade II, has planning permission to convert it into 6 apartments and a commercial unit, with scope to split the commercial space into two separate units. The property has 14 parking spaces and is situated in a highly desirable location in the town center. The proposed residential units range in size from 39 to 51.6 sq m, with a total GDV of £790,000, and each flat could let for £650 per month. The commercial units could let for £130 per week each, generating a total rental income of £60,320 per annum. The property is being sold with vacant possession and offers a unique opportunity for redevelopment or continued commercial use, subject to relevant consents.