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ONLINE AUCTION from 3rd OCTOBER-5th OCTOBER
Three floors of ancillary accommodation above two commercial premises. The property has previously been used as ancillary accommodation, and office space. There is currently planning consent for four residential units.
The upper floors encompass approx. 1,972 sq.ft (183.20 sq.m)
Access to the property can be gained via St Johns Street.
Located on one of the main shopping thoroughfares in the town of Monmouth the property is situated within close proximity to local amenities. Due to its close proximity to the Wye Valley, the town of Monmouth is a well sought after area, and is visited by a number of holiday makers and tourists. Local tourist attractions include Monmouth Castle, Raglan Castle, Puzzlewood and Tintern Abbey.
Planning has been granted for conversion of the upper floors of 8-10 Monnow Street, into four residential units with associated roof alterations to the rear. Please see Monmouthshire Council planning for further information. Planning reference DM/2022/00958.
We have been advised that no VAT is due on the sale of this property.
To be sold with vacant possession
Advised Leasehold with 200 years - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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