Land
A freehold reservoir and land nestled within a valley on Margam mountain with a total site area approximately 3.318 acres, with the surface area of the Pond being approximately 1.105 acres.
Description:
The site comprises a parcel of land with a man-made reservoir nestled within a valley on Margam mountain. The turquoise waters surrounding by hills forests and neighbouring Margam Country Park make this a very picturesque location.
We feel the site offers potential for generating revenue perhaps by creating small lodges/ glamping, wildlife tourism, education and or fishing. This is all subject to obtaining appropriate planning consents.
Location:
Entry to the reservoir, is via a public footpath which is approximately 900m long. This is positioned on the west side of the site and accessed from the small community of Brombil. Public transport links include Port Talbot Parkway mainline rail station together with local bus services serving the surrounding vicinity. Road links include the M4 Motorway which links Swansea to the west and Bridgend and Cardiff to the east.
Area:
The total site area is approximately 3.318 acres, with the surface area of the pond being approximately 1.105 acres.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
