A plot of land in Tredegar with planning permission for two three-bedroom detached houses, is being auctioned with a starting price of £90,000.
The lot, located on Queen Victoria Street, is being offered via online bidding by Pattinson Commercial.
The site spans approximately 0.159 acres, or 643.45 square metres, with a perimeter of roughly 100.52 metres.
Plans for the properties include an entrance hall, lounge, WC, and an open plan kitchen/diner on the ground floor.
The first floor will feature a family bathroom and three bedrooms, two of which are doubles.
Each property will also have off-road parking for two cars.
The land is freehold, with the title number CYM524077.
Queen Victoria Street, in the centre of Tredegar, is steeped in history, particularly in coal mining.
It is home to local shops, houses, and services, and offers stunning views of the surrounding countryside.
The area is also well-connected to nearby locations, making it a desirable spot for potential homeowners.
Pattinson Commercial has noted that they have not inspected the property, and any viewings must be arranged through them.
Potential buyers are advised to contact the Keith Pattinson Commercial department to arrange an internal inspection or to register their interest.
The auction process is overseen by Pattinson Auction, referred to as The Auctioneer.
The sale is conducted under either conditional (Modern) or unconditional (Traditional) auction terms.
It is important to note that any enquiry, bid, or viewing of the property will require details to be shared between the marketing agent and The Auctioneer to ensure all matters are handled effectively.
The property is being sold via a transparent online auction.
Bids can be submitted at any time and from anywhere, but all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
The advertised price is referred to as a Starting Bid or Guide Price, accompanied by a Reserve Price, which is confidential to the seller and the auctioneer.
These prices are subject to change, and the auction can be closed at any time with the auctioneer’s permission, allowing the property to be sold before the end of the auction.
A Legal Pack associated with this property is available to view upon request.
This pack contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
It is strongly advised to seek the counsel of a solicitor before proceeding with any property or Land Title purchase.
Upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price to secure the property and ensure commitment from the seller.
A non-refundable reservation fee of up to 6% including VAT (subject to a minimum of £6,000 including VAT) is also payable upon agreement of sale.
This fee is in addition to the agreed purchase price, and potential buyers should consider any Stamp Duty Land Tax liability associated with the overall purchase costs.
There is no obligation to use any recommended suppliers or services.
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