Business News Wales  |

Subscribe to the daily newsletter updates

Banc-leaderboard-advert-1430px-x-145px_Equity
Openreach section sidebar

Dev-Bank Wales MBO

Checks-Direct-Sidebar

CIH-BNW-Under-Section-Sidebar
29 April 2024

Derelict Former South Wales Tin Miners' Cottages Listed with £nil Reserve at Auction


A trio of now dilapidated former South Wales tin miners' cottages are being sold at auction with a guide price of £nil.

Sited in an overgrown location near Machen, between Newport and Caerphilly, Wesley Buildings, on Wesley Hill, are only accessible on foot.

Gemma Vaughan, of Newport-based Paul Fosh Auctions, said:

“Wesley Buildings offers the opportunity to acquire a building which we're told was originally three cottages. It has a very interesting history. The vendor advised me that he bought the cottages back in 1979 when he arrived back from Saudi Arabia as a carpenter.

“He bought the property, his old family home, as he saw that it was up for sale. His great grandfather and mother were born there. His great grandfather worked in the tin mine in Machen.

“The cottages are now in an extremely dilapidated condition but could well present a blank canvas to a developer, subject to planning and the removal of a vast amount of undergrowth.

“The property, which can only be reached on foot as there is no vehicular access, is certainly a challenge but listed with a £nil reserve it means that a single bid of just £100 could secure the lot-as long as there are no other bidders.

“These cottages will be sold for whatever bidders want to pay with the highest bid, whatever that is, winning the lot.

“The three cottages, which are spread over three floors, are as basic as they come and aren't even connected to any utilities, not even water.

“As the cottages are in such a derelict condition we haven't been able to make an internal inspection.  Those wanting to inspect the building are advised not to approach neighbouring properties but to contact Paul Fosh Auctions with any enquiries, in the first instance,  to arrange a viewing.”

The cottages, along with more than 80 other properties, will be sold online at the next Paul Fosh Auctions sale which starts from 12pm, on Tuesday, May 14 and ends from 5pm, on Thursday, May 16.

 



Columns & Features:


People / Skills
13 May 2024

Skills: The Key to Attracting Inward Investment to Wales
Finance
10 May 2024

How to Get an Angel Investor on Your Journey Alongside You
Health
9 May 2024

The Power of Tech to Revolutionise Social Care
Finance
9 May 2024

Welsh Business Exits: A Reflection on Resilience and Evolution

In Other News:

Business News Wales