Substantial Former Bank with Generous Private Car Park to the Rear

An attractive former substantial bank having three storeys along with the basement in addition. We are advised that the building is Grade II Listed having attractive stone and brick elevations. We are advised that the net internal areas not including the basement total 4969 sqft / 461.63 sqm (however, we advise any interested party to confirm these measurements independently. The accommodation is currently laid out with a banking hall to the ground floor with office accommodation to the upper floors. In our opinion, the property would suit a business occupier or could be divided into several independent office units or could offer a development opportunity for conversion to a mixed use/residential scheme subject to all usual consents. The subject property is situated in a prominent position on Hanbury Road within a mixed use retail and residential location within Pontypool town centre. Also, within close proximity to the A472, approximately 9.8 miles north of Newport, and approximately 11.2 miles south of Abergavenny, the A40 and the A465 Heads of the Valleys Road.

Tenure

See Legal Pack

Basement

No internal measurements but consisting of the former vaults from being occupied formerly by Lloyds Bank

Ground floor

Approximately 2,463 sqft / 228.8 sqm

First Floor

1,500 sqft / 139.4 sqm

Second Floor

1006 sqft / 93.5 sqm

Outside

Generous surface laid private car park with wide side pathway leading to the front of the building.

Viewings

Through Auction House Wales on 02920 475184

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Torfaen County Borough Council

Solicitors

Nexa Law, Nexa Law, Ref: Nexa Law, Tel: 01691 655060

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.