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Detached house for sale
Plots 1 and 2, Land Adjacent to the New Inn Roundabout, New Inn, Pontypool, NP4 0XB
£50
Plots 1 and 2, Land Adjacent to the New Inn Roundabout, New Inn, Pontypool, NP4 0XB
£50
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 29th July 2025 at 04:57 PM with registration through our website
- Following vacant possession (on the expiry of the current electricity substations lease) , there may be potential for the buyer to further development of this building, subject to any necessary consents
- 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
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
This property is a freehold plot of land located in Pontypool, adjacent to a busy retail area with several well-known brands such as Greggs, Subway, Shell, KFC, and Best Western. The land includes a portion of an estate road and a modern single-story electricity sub-station building, which is currently subject to a 99-year lease. The property has potential for further development, subject to necessary consents. The auction will take place online on July 29, 2025, with a buyer's premium of at least £500 (inc VAT) payable on exchange of contracts. The guide price is not disclosed, but the reserve price will be within 10% of the guide price and can be subject to change up to the day of the auction. Viewings can be arranged by appointment with the auctioneers, Seel and Co.