9 bed detached house for sale

Union Road West, Abergavenny NP7

Located just outside Abergavenny town centre, The Old Workhouse is an imposing period stone property built in 1837 and designed by architect George Wilkinson. This Grade 2 listed residence has been tastefully modernised over the years and now offers accommodation by way of five self-contained apartments comprising an extensive entire ground floor two bedroomed unit, a further two units to the first floor offering two bedroomed accommodation and on the upper floor a large studio and third two bedroomed unit. The property also offers exciting potential for reconfiguration or for multi-generational living, subject to any necessary consents. Whilst the property has been modernised to provide gas central heating and sealed double glazed window units, it still retains many original features and would be an excellent rental investment. There are parking spaces with all apartments with the exception of number 4. Potential rental income of £55k+ per annum. Please note: The sale of this property is subject to the Grant of Probate being issued. Please consult the legal pack for further details on the process and expected timescales.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.