Lot 8 - Access Road off, Cwm Lane, Rogerstone, Newport, Gwent, NP10 9GQ

  • Unconditional Online Auction Sale
  • Guide Price* : Nil
  • Bedrooms: 0

Lot 8 - Access Road Investment

Description

ONLINE AUCTION from 9th APRIL - 11th APRIL

An access road comprising of a single track tarmacadam lane. The lane gives access to 8-10 residences together with agricultural fields and a water pumping station belonging to Dwr Cymru Welsh Water. We are informed that the vendors received a one off payment of £600.00 from Welsh Water for the grant of access over the land in 2023 to adjoining land which they were investigating for possible future works. The vendor has also informed us that the agricultural land adjoining the road is being promoted for development in the Local Development Plan, and the road may present an opportunity to afford cycle and or pedestrian access to Cwm Lane, if successful, subject to planning.

The lane is located to the east of Cwm Lane in the village of Rogerstone which lies within approximately three miles to the west of Newport City and one mile from the M4 - junction 27.

Viewings: Interested parties may view at any reasonable time. Do not use Sat Nav. The access road can be found off Cwm Lane – turn right signposted Cwm Lane (do not go left over the bridge) then immediately turn left where a small white sign indicates ‘private lane leading to Pensarn Farm’

Tenancies

To be sold with vacant possession

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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