MAINDEE Pool in Newport is up for sale just 18 months after being bought at auction. It is due to come under the hammer again next month with a guide price of over £52,000. However, the three-bedroomed attached house which was part of the lot last Spring is not included.
Last May, we reported how Adam Mandal had bought the grade-ll listed former baths together with the house for £76,000 at a public auction in the King’s Hotel in Newport. He told the Argus at the time that he had not originally intended to buy the derelict building. He had gone to the auction to buy a family home.
He added he might turn the art Deco building into a community centre. However, the property is now back on the market with Paul Fosh Auctions of Newport. It will be offered for sale on December 3 at the Park Inn Hotel, Cardiff.
The council decided to dispose of the building when it became clear it would cost millions of pounds to restore. As well as suffering from arson attacks the building, which once housed two pools, was understood to have concrete cancer. The council itself explored the idea of turning it into a community centre as well as other potential developments but they all proved fruitless.
Last year, a spokesman said the cost of maintaining the building had placed a heavy financial burden on the council and it would cost millions of pounds to bring it up to acceptable standards. It was considered that the best course of action was the sale of the property at auction. Any potential development of the spacious building would be subject to planning permission.
You must log in to post a comment.