Lot 58 - 22A Prince Street, Newport, NP19 8DS

  • Unconditional Online Auction Sale
  • Guide Price* : £150,000+
  • Bedrooms: 0

Addendum

The reserve price has been further reduced.

Lot 58 - Light Industrial Unit/ Garage with Potential

Description

ONLINE AUCTION from 1st OCTOBER-3rd OCTOBER

A detached, two storey light industrial unit. 

The property has been trading for 20 plus years as a car workshop and auto tinting. The ground floor is briefly comprised of multiple work shop rooms‚ offices‚ storage facilities and a WC. Located on the first floor are two offices, a storage area and WC. 

There is a large spray booth located on the ground floor. This was previously two booths however the current owner converted the second spray booth into storage space. Therefore there is potential for conversation back into two booths 

There are two large roller shutter doors to the front of the property which may allow for the unit to be divided into smaller units, subject to the relevant consents. 

Subject to the relevant consents this property would be ideal for mechanics, tradesman, storage space, use as a gym or as a part of a rental portfolio.  

The ground floor benefits from three wall mounted heaters, and a gas powered space heater (not tested). 

Location
Situated in the city of Newport approximately 4 minutes drive from the city centre, Newport train station and the bus station. This property is ideally located off of Caerleon Road, one of the main thoroughfares leading to the city centre. 

The property is close to the M4 junction which provides access to Cardiff, Swansea, Bristol and London. 

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

VAT
We have been advised that no VAT is due on the sale of this property.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Workshop 858 83.95
Spray Booth 273.73 25.93
Storage Space 120.86 11.79
Storage Room 365.50 34.99
Office 128.96 12.63
WC
First Floor Office 1 227.10 22.56
Office 2 287.57 27.79
Storage Room 820.01 78.26
WC

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

Joint Agent

Davis & Sons

Office Contact

Debra Bisley

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