Abergavenny youth hostel with planning for 16 flats for sale

The property, previously an education centre, is being sold with planning permission to transform it into a mix of affordable and private flats. Nine of the flats will be affordable, with the remaining seven to be private. On completion, the development will offer a combination of studio, one-bedroom, and two-bedroom flats.

(Image: Paul Fosh Auctions via Rightmove) The building currently exists in a 'shell condition', awaiting fit-out. There are communal gardens planned for the rear of the property, along with off-street parking. The property is located north of Abergavenny town centre, offering a quiet location with easy access to amenities.

(Image: Paul Fosh Auctions via Rightmove) The surrounding hills are also easily accessible, providing potential residents with the opportunity to enjoy the natural beauty of the area. A primary school is situated opposite the development, and sporting amenities are just to the north, surrounding Pen Y Pound Stadium. The A40 is accessible 0.1 miles to the south, providing a connection to Monmouth, 16 miles to the east.

The M4 Motorway is within 17.5 miles to the south at Junction 25a via the A4042. (Image: Paul Fosh Auctions via Rightmove) The property has planning permission for the conversion under application DC/2014/01016. The proposed flats vary in size, with the smallest being a 344 sq ft studio, and the largest a 871 sq ft two-bedroom flat.

The total area of the proposed development is 9,091 sq ft. The property is to be sold with vacant possession and is advised to be freehold, though this should be verified by a solicitor. Investors interested in the development are offered assistance in tenant find and management packages, along with information on rental income potential from the estate agent's lettings department.

(Image: Paul Fosh Auctions via Rightmove) The online auction will take place from 24th to 26th June.

Potential buyers and investors are invited to view a virtual tour of the property before the auction.

This development opportunity provides a chance to create a residential community in a desirable location, with a mix of affordable and private housing.