The property is a part two and part single storey activity centre, which has been formed by the conversion of a 17th century farmhouse with modern extensions to the rear set within 7.9 acres (3.2 ha). The front former two storey farmhouse is arranged on lower ground and ground floor levels and is used partly for office and training purposes and partly as residential accommodation. The modern extensions have rendered elevations, incorporating uPVC double glazed windows. Internally, the ground floor areas are divided to form offices, meeting rooms, canteen and kitchen. The lower ground floor is primarily sub-divided to form bunk rooms, stores, toilets and laundry, with a separate shower block to the rear. The self-contained residential accommodation has a lounge, dining room, bathroom and kitchen at ground floor and two bedrooms at first floor level.
Location
The subject property is located in Cwmfelinfach, a small village located in the Sirhowy Valley. The property is accessed by continuing on Islwyn Street towards the Sirhowy River and proceeding over the bridge, then turning immediately right up the tarmac driveway. It is situated approx. ten miles north west of Newport and three miles west of Cross Keys. The village is served by the A4048, which connects to the A467 to the east. The A467 provides access to junction 28 of the M4 Motorway at Newport.
Accommodation
Leisure property in a rural location – 8,530 sq ft on 7.9 acres
Terms
Services We are advised that all main services are connected to the premises. We confirm that we have not tested any of the service installations and any purchaser must satisfy themselves independently as to the state and condition of such items.
Planning We are verbally advised that the accommodation has planning consent for leisure use but any occupier should make their own enquiries to the Planning Department of Newport City Council. Tel: 01633 656656 or www.newport.gov.uk
Business Rates The current Rateable Value has been assessed by the VOA at £27,000 but has been reassessed at £18,750 as of 1 April 2023.
Interested parties should make their own enquiries to Newport City Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment.. www.voa.gov.uk.
Energy Performance Certificate An EPC has been commissioned and will be available for inspection. Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Purchase Price The property is offered for sale at £600,000 exclusive of VAT.
Legal Costs Each party is to be responsible for their own legal costs.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the purchase price. We recommend that the prospective purchasers establish the VAT implications before entering into any agreement.
AML A successful purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
- Residential accommodation
- Canteen