A Gwent social club which only recently closed has new owners and perhaps a new life after being sold at auction for £458,000.
The Greenway Social Club, on Greenway Drive, Griffithstown, near Pontypool, listed with a guide price of £350,000, created strong interest with a total of 83 bids from four bidders before being sold.
The prime property in desirable Griffithstown, which only closed its doors to customers last year, was sold by Newport-based Paul Fosh Auctions.
Sean Roper, who handled the sale of the property for Paul Fosh Auctions, said: “The Greenway Social Club is a substantial building with land and a car park. The club traded until early 2020.
“The property requires significant improvement and modernisation should it be utilised in the future as a social club however, it is envisaged that it would be better cleared for redevelopment of the whole site, subject to the necessary planning approval. The surrounding estate has a mix of larger executive detached residences and semi-detached properties.
“The site measures approx. 0.86 acres/3,470 sq m and would be ideal for residential development or other commercial uses such as care home, subject to necessary planning consents.”
The property currently offers a concert room/bar, lounge, another bar, three storerooms, spacious function room, wcs and cellar room. There is a games room, former office and store, kitchenette and living rooms on the first floor. Outside there is a drive leading to parking area, gardens and land to front side and rear.
The Paul Fosh Auctions June sale had 368 registered bidders from 76 countries, recorded 2, 929 bids on the 101 properties listed for sale of which 77% were sold for an auction total £5.7m
www.paulfoshauctions.com