Lot 21 - Former Royal Mail, Mill Street, Newport, Newport, NP20 5HA

  • Unconditional Online Auction Sale
  • Guide Price* : £330,000+
  • Bedrooms: 8

Addendum

The property provides 6 rooms and not 8 as previously stated.
Outside benefits from Coach house/Storage unit

Lot 21 - Residential / Commercial with HMO Licence

Description

ONLINE AUCTION from 30th JANUARY-1st FEBRUARY

A substantial detached former public house that has been converted to provide a 6 room HMO with flat and ground floor retail unit which most recently traded as a coffee shop but may offer scope for alternative commercial uses or change of use to residential (subject to necessary planning consents).

The property is in a great location close to Newport city centre and the railway station with direct links to Cardiff and Bristol and London.

Accommodation

Block Floor Description
Ground Former coffee shop (no internal inspection prior to going to print) & a self-contained flat to the rear (no internal inspection prior to going to print).
Ground HMO - Entrance communal lounge stairs to first floor rooms 1 2 3 4 5 6 Communal Kitchen and Bathrooms
Second Storage room
Outside Coach house/storage unit (offering potential) and rear yard with scope for parking

Tenancies

To be sold with vacant possession but scope to let for up to £57,000 p/a

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

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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