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Commercial Property

Former headquarters of collapsed North Wales developer set for auction

GM Jones, in Llanrwst moved into the £1.3m HQ in 2018 backed by £400,000 from the Wales Economic Fund

The headquarters left empty after building contractor GM Jones went bust are heading to auction(Image: Auction House North West)

The former headquarters of a developer in North Wales is heading to auction.

GM Jones, in Llanrwst moved into the £1.3m HQ in 2018 backed by £400,000 from the Wales Economic Fund but then ran into financial problems -

It left two GM Jones properties at Parc Ty Gwyn vacant.

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One of those buildings - the main offices - went to auction last year for £425,000 but failed to secure a buyer.

It is now set to go back to auction next month with Auction House North West.

The online sale takes place on October 13/14 and the 6,370 sq ft site has a guide price of £395,000.

Janet Finch-Saunders, MS for Aberconwy, has been critical that Welsh Government "carelessly" invested £400,000 of taxpayer’s money into the £1.3m headquarters.