Former Headquarters Office Building - 27,920 sq ft / 2,593.85 m2 – May Suit Alt. Uses (STP)

The property is of steel framed construction under a barrel vaulted roof and was built approximately 18 years ago. It provides office accommodation over ground and first floors. Internally the accommodation is well specified and provides modern space including: – Air conditioning – Raised access floors – Suspended ceilings – Lift – Gable end balconies with views across the valley – Category 6a cabling Beneath the property sits the town’s main 180 space multi-storey car park. The lift within the building provides direct access from the car park to both the building and to Church Street. We have not measured the property, but have been provided with the following floor areas: Floor Area - Sq ft - M2 Ground - 13,937 Sq ft - 1,294.79 M2 First - 13,983 Sq ft - 1,299.06 M2 Total - 27,920 Sq ft - 2,593.85 M2

Tenure

Leasehold. CYM8966

The building was purpose built for the previous tenant, Blaenau Gwent County Borough Council, who, in 2018, the tenant refurbished the building at a cost of approximately £1,000,000. This included a £200,000 upgrade to the IT infrastructure including Category 6a cabling and a full wi-fi network throughout the property.

Situation

The subject property is situated in the centre of Abertillery, close to public amenities including the Medical Centre, Business Centre and the local Library. It benefits from frontage to Church Street, the main retail street within the town centre and, due to the topography of the land, it sits above the town’s main multi-storey car park (under separate ownership). Foundry Bridge, which connects with the A467, is located immediately adjacent to the property. Pedestrian access to the property is directly off Church Street, whilst vehicular access is off Station Hill to the rear. There is an additional service access off Foundry Bridge.

Planning

The site falls within Abertillery town centre boundary as defined by the Local Development Plan (2012). Development of the site would therefore be assessed against LDP Policy DM5 which relates specifically to town centres. DM5 specifies that: Any alternative use proposals would need to submit a preliminary enquiry to: planning@blaenau-gwent.gov.uk

Tenure

The property, as outlined red on the adjacent plan, is held by way of a 125 year lease from 15 December 2000 at a rent of one peppercorn. Within the last year of the term, there is an option to extend the lease for a further 125 years. Discussions have been had with the council regarding the possibility of acquiring the freehold (including the car park) and they have confirmed that this is available to potential purchasers, subject to negotiation. Tenure: Long Leasehold (potential to acquire the freehold) Title number: CYM8966 Length of Lease/Term: 125 years from 15 December 2000 Ground Rent : £peppercorn Local Authority: Blaenau Gwent Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Blaenau Gwent County Borough Council

Solicitors

Priority Law Limited, Ref: Francesca Goga

Offered in association with

Wildbrook

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £2500 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.