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The guide price has been decreased.
ONLINE AUCTION from 18th JUNE-20th JUNE
A fully refurbished ground floor retail unit that consists of main retail area and toilet to the rear.
Please Note: The premises next door (no.35) is being sold by the same vendor. The vendor is considering offers on both properties prior to auction. Please contact Paul Fosh Auctions for further information.
Location
Located in Newport city centre within close proximity to Commercial Street and the newly developed Friars Walk. There are a number of local and national retailers within close proximity including Primark, Superdrug and TSB Bank.
The property benefits from being within walking distance to Newport train station and Newport bus station.
A prominent corner position on the intersection of Charles Street and School Lane.
Services
The property benefits from water and electric (not tested).
Floor | Description | Area Sq Ft | Area Sq M |
---|---|---|---|
Ground Floor | Retail Area | 316.35 | 29.37 |
Toilet | 26.26 | 2.44 |
The property is tenanted at £5,000 per annum.
Advised Leasehold - to be verified by solicitor
The property has a 999 year Leasehold with all leaseholders of the development sharing the freehold interest.
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.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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