A former band hall struck the right note for buyers when it sold for almost two-and-a-half time its guide price at Paul Fosh Auctions last week.

There was keen interest in the sale of the former band hall at River Row, Cwm, Ebbw Vale, which also has more than 10,000 sq ft of vacant land to the side and rear of the building, which was listed with a guide price of £20,000.

The building sold for £47,000 after strong biding at the auction in Cardiff last week.

Sean Roper, of Newport-based Paul Fosh Auctions, who handled the sale, said: “There was strong interest in the former band hall prior to the sale which was replicated in the room on the evening of the auction. The building is really versatile and well equipped building which could well be suitable for a number of alternative uses including perhaps as a dance studio, gym or a community centre.

“Alternatively, the building would also offer scope for redevelopment of the whole site either for houses or flats subject to obtaining the necessary planning permission.

The ground floor of the building, which is equipped with a kitchen and toilets, offers a total of some 1,095 sq ft of space.

Another commercial property which found favour with buyers at the auction was 130 Commercial Road, Newport, a mid-terrace, three-storey mixed use building which sold for £115,000, after being listed with a guide price of £75,000 plus.

A freehold investment property at 60-61 Windsor Road, Griffithstown, Pontypool, which currently houses a computer shop, beauty boutique and a cobblers, listed with a guide price of £69,000-plus, sold for £74,000.

A total of 50 properties were sold at the Paul Fosh Auctions sale realising a total of £2,749,950

The next Paul Fosh Auctions sale is on Thursday, March 22, at The Park Inn Hotel, Llanedeyrn, Cardiff, starting at 5pm.