Auction House South Wales is auctioning the former Fernhill Colliery site, Blaenrhondda, Rhondda Cynon Taff as a redevelopment opportunity.
The site goes under the hammer at The Village Hotel in Cardiff on 14 December at 7pm, and promises to offer bidders a “brilliant deal for their money”, with the lot set to start at just £728 per acre.
The site is situated in the Rhondda Valley, and is approximately 83.3 hectares (206 acres) with direct links to Cardiff and The Heads of The Valleys Road.
The Freehold tenure site has been partially remediated and re-profiled.
The picturesque site comprises the valley floor east and north of Blaenrhondda together with the sloping valley sides.
It was previously occupied by colliery buildings, workshops and residential property and the land has been declared as being suitable for medium and low density development.
There is also a telecoms mast at the Old Pump Station, Rhigos Road that come with the site. The lease to One 2 One Personal Communications Limited runs until July 2020 with an initial rent of £2,400 per annum, which is reviewed every three years.
The local development plan identifies eight strategic sites that are allocated for a mixture of residential, retail and recreational purposes. It also includes the construction of 350 – 400 dwellings, a retail centre and informal recreation, subject to a reclamation plan. This scheme would be accessed via a new road from the A4061.
Auction manager, Mick Haywood, said:
“This is an excellent opportunity for a developer to create a retail and residential hotspot in beautiful surroundings.
“With easy access from Cardiff and the A465, the site would attract people who like to shop and live outside of the city. With a guide price of £150,000 it is a great investment that could create a healthy return and boost the Valley community.”
For further information on how to bid, specific policy references and general auction information, please visit http://www.auctionhouse.co.uk/southwales/auction/lot/81009
Joint agent for the site is the Cardiff office of JLL.