Auction Property Commercial 

Somerset Street, Abertillery

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Features

  • Auction date: 21st & 22nd August 2019
  • Ground floor retail
  • Freehold with vacant possession
  • First and second floor offices
  • Substantial four storey property
  • Substantial basement with good height
  • Approximately 698.0 Sq m (7,512 Sq ft)
  • Town centre location
  • Potential for residential conversion (subject to planning)
  • Excellent transport links

Address

26-30 Somerset StreetAbertilleryGwentNP13 1DJ
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Property Details

•For Sale By Online Auction – 21st & 22nd August 2019
•Guide Price: £115,000+
•Town Centre Commercial/Development Opportunity
•Potential for residential conversion (subject to planning)
•Freehold with Vacant Possession

A substantial four storey property occupying a prominent corner position on Somerset Street, Abertillery. The property provides retail accommodation over ground floor level and a mixture of open plan and cellular office content over the first and second floors. The self-contained basement is accessed of Kings Street and offers good height and benefits from kitchen and WC facilities.

A staircase to the northern end of the building provides scope for the building to be let on a floor by floor basis. The property benefits from a passenger lift (not tested) servicing all floors of the building. The property offers potential to convert the upper floors to residential (subject to the necessary planning consents).

The property is situated on Somerset Street in the town centre of Abertillery where there are a mixture of both national and local traders.

Accommodation

Basement: 168.9 Sq m (1,818 Sq ft)
Ground floor: 229.1 Sq m (2,466 Sq ft)
First floor: 150.0 Sq m (1,614 Sq ft)
Second floor: 150.0 Sq m (1,614 Sq ft)

Total GIA: 698.0 Sq m (7,512 Sq ft)

Services

We understand the property to have mains electricity, gas, water and drainage. However, interested parties are advised to make their own enquires.

Tenure

Freehold

Investment Analysis

The property provides potential for residential redevelopment over the first and second floors. The ground floor provides flexible options and was previously split into three self contained units. The basement was previously used as an office and could either be incorporated with the ground floor, or be let as a self-contained space.

Guide Price

£115,000+

VAT

VAT if applicable will be charged at the standard rate.

Buyer’s Premium

2% (min. £3,600) inc. VAT

Viewing

Viewings are by appointment only. Please contact one of our agents on 0115 970 6060 or email property@johnpye.co.uk

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