Sold for £7,500.

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A freehold site subject to a licence for an underground pipeline in favour of Persimmon Homes producing £900 pa

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Description/Location

The site is situated to the east of the former Panteg Steelworks, the area has seen major investment and development and the steelworks site is now a major housing development.

On the fall of the gavel and in addition to the deposit the buyer will pay to the auctioneer a sum equivalent to 10% plus VAT of the purchase price (subject to a minimum of £250 plus VAT) plus £100 plus VAT as a contribution towards the sellers costs (buyers administration fees do not apply to this lot). * Post code is for guidance only

Tenure

Freehold

Local Authority

Torfaen County Borough Council

Viewing

Rent

Current Rental Value: £900 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.