Lot 61 - 418 Chepstow Road, Newport, NP19 8JH

  • Unconditional Online Auction Sale
  • Guide Price* : £167,000+
  • Bedrooms: 2

Lot 61 - Two Commercial Premises plus Two Bed Flat

Description

ONLINE AUCTION FROM 18th JUNE-20th JUNE

The property provides two ground floor commercial units with frontage onto Chepstow Road. A further shared access direct from Warwick Road provides a communal hallway and access to both commercial units and the first floor two-bedroom flat.

The first retail unit has most recently been used as a beauticians and subject to the relevant consents would be suitable but not limited to use as a hairdressers, taxi office, takeaway or estate agents. The unit provides reception/waiting area with two treatment rooms a kitchenette and WC

The second retail unit is accessed via Warwick Road and was previously in use as a hairdressers. This unit is comprised of two rooms and a kitchen.

Located on the top floor is a two bedroomed flat which is accessed via Warwick Road The flat provides accommodation as follows: kitchen, bathroom, living room, bedroom 1, bedroom 2.

Location
A prominent building occupying a corner position on Chepstow Road, one of the main shopping thoroughfares leading into Newport city centre.

The property is well positioned on Chepstow Road and is set directly opposite the popular Beechwood Park. Chepstow Road provides a number of mixed-use properties and retail units and boasts excellent transport links being just 2 miles from Junction 24 of the M4 at the Coldra and 2 miles from Newport train station and bus station.

Services
The property benefits from gas, water and electric (not tested).

VAT
We have been informed that there is no VAT due on this property.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Commercial Unit 1 Reception 149.83 13.92
Treatment Room 1 118.83 11.04
WC
Kitchenette
Treatment Room 2 137.77 12.8
First Floor Flat Kitchen 74.27 6.9
Bathroom 32.72 3.04
Living Room 203.43 18.9
Bedroom 1 241.32 22.42
Bedroom 2 88.15 8.19
Ground Floor Commercial Unit 2 Kitchen 100.10 9.3
Room 1 93.64 8.7
Room 2 202.46 18.81

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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Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

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