>
Gwyddon Road, Abercarn NP11 Detached house for sale
Gwyddon Road, Abercarn NP11
£89,000
Gwyddon Road, Abercarn NP11
£89,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 29th April 2025 at 04:42 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
- DescriptionOpportunity 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 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 prime redevelopment opportunity with a freehold title, including 7 derelict flats and surrounding land, available for sale by public auction on April 29, 2025. The site is currently derelict and requires total redevelopment and renovation throughout, or potentially even demolition. The surrounding land is overgrown and appears to have potential for further development, subject to obtaining necessary consents. The property is being sold with vacant possession and is open for external inspection, but internal access is not available. The buyer will be required to pay a buyer's premium of 1.2% with a minimum of £1,200 (inc VAT) payable on exchange of contracts, and may also be responsible for additional disbursements on completion. The guide price and reserve price are subject to change, and further information can be obtained through the auctioneers' office.