This Property is Going to Auction With Allsop
On the 28th May 2020, Allsop Auctioneers
will be inviting bids for this imposing listed mansion in picturesque Monmouth, Wales. The guide price for the substantial (4,078 sq m) property with river frontage is just £200k – £250k. Clearly in need of significant refurbishment, the property is full of potential.
Although it isn't a castle, we know that many of our readers are interested in properties of this type – especially if they are going to auction – so we've decided to include it on Castleist.com
. It's also worth noting that although many people are looking for castles for sale in the UK and Ireland, a relatively low number of them come up for sale each year so a substantial, historic, chateau-style property such as this could be a viable alternative.
Subject to the appropriate planning consents, the property has obvious commercial potential although in these uncertain economic times it would seem likely that the number of potential buyers will be lower than in a 'normal' market. Therefore, for a canny buyer with the funds available to purchase now, this could be a great opportunity to take advantage of market uncertainty and snap up a bargain.
Below is a summary of Allsop's listing together with a link to their website including further detailed plans of the property. Do let us know if you bid on the property – we'd love to hear your plans.
Troy House, Monmouth, Wales
GIA approximately 4,078 sq m (43,900 sq ft)
Formerly a school, it provides 29 Bedrooms, Four Dormitories, a Principal's Flat, a Staff Flat, a Two Storey Classroom Block, a Two Storey Hostel Block, a Theatre, a Sacristry, a Chapel, Cloisters, Outbuildings and Garaging
Occupying Extensive Gardens and Grounds extending to approximately 2.453 Hectares (6.062 Acres) including Two Tennis Courts
Caretakers Flat comprising Reception Room, Two Bedrooms, Kitchen and Bathroom
Possible potential for Redevelopment and/or Alternative Uses, subject to consents
Close to the historic market town of Monmouth and the Wye Valley AONB
Presented in poor condition and requiring extensive works of modernisation and refurbishment