Auction Property Development Opportunity 

Queens Road, Elliots Town, New Tredegar

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Features

  • Auction Date: 27th – 28th March 2019
  • Guide Price: £50,000+
  • Freehold former social club
  • Existing premises license
  • Desirable semi rural location
  • Corner plot
  • Suitable for conversion to residential (STP)
  • Close to both Brithdir & Tir-phil Train station

Address

Cwmsyfiog Ex Servicemens Club, 54-56 Queens RoadElliots TownNew TredegarGwentNP24 6DZ
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Property Details

•For Sale By Online Auction: 27th – 28th March 2019
•Guide Price: £50,000
•Freehold former social club with premises license
•Re-development opportunity (STP)
•Approx. gross internal floor area 2,780 ft2
•Corner plot location with part two storey part three storey accommodation

The property occupies a corner plot in an elevated position, with accommodation arranged over lower ground, ground and first floors. The building is of stone construction with a pitched and tiled roof.

The property occupies a prominent corner position of Queens Road in the district of New Tredegar, Close to the town of Caerphilly in South Wales. Nearby amenities include a range of bars and restaurants, a local primary school and a good range of local independent shops.

There are two railway stations within close proximity, providing good access to Cardiff which is approximately 20 miles to the south.

The Brecon Beacons National Park, a popular outdoor tourist destination, is six miles to the north. Demand for holiday accommodation in the area would make the building suitable for conversion to short stay letting rooms or apartments (STP).

Description Cont'd

The ground floor trading area has an open plan bar with lounge. The first floor can be accessed both internally, and externally via a set of metal steps. To the first floor there is a bar servery and skittle alley. Further accommodation includes; ancillary trade areas, two sets of customer WC's, large beer cellar and additional storage areas.

Accommodation

The property has a gross internal floor area of circa 2,780 sq ft (measurement taken from VOA website)

Services

We understand the property has mains gas, electricity, water and drainage. However, interested parties should make their own enquiries.

Tenure

The Property is freehold

Business Rates

The current Rateable Value is assessed at £3,650.

VAT

We have been advised that VAT will be payable on the purchase price.

Guide Price

£50,000+

Buyers Premium

2% (min. £3,600) Inc. VAT

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Investment Analysis

Subject to obtaining the necessary planning consent the property could be reconfigured to provide various options, including; conversion to residential, holiday lets, mixed use or remaining as an Ex-Serviceman Club.

Location Map

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