Lot 55 - 10 Clarence Place, Newport, NP19 0AE
- Unconditional Online Auction Sale
- Guide Price* : £65,000+
- Bedrooms: 5
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Lot 55 - Premises with Planning Consent for a Five Bed HMO
Description
ONLINE AUCTION from 10th DECEMBER-12th DECEMBER
Comprised over three floors, this building has recently gained planning consent for a five bedroom HMO, all rooms with ensuites.
Plans for the first floor include a living area, kitchen, WC and bin store. The second floor is comprised of three bedrooms with ensuites and a separate WC. The third floor contains two bedrooms with ensuites.
The building appears to be built of brick and stone with a replaced machine-tile roof and modest sized corniced brick stacks. The building has been taken back to brick and is ready for development.
Once completed it is anticipated that the HMO should achieve £475 - £550 per a room per month.
Please Note: The ground floor is not included with the sale of this property. If you are interested in purchasing the whole building, please contact Paul Fosh Auctions directly.
Location
Situated on the eastern edge of Newport city centre, 10 Clarence Place lies along one of the city’s most historic and bustling thoroughfares.
The property benefits from excellent transportation links. It is well served by buses, and is approximately a 10 minute walk from Newport railway station. Providing access to Cardiff, Bristol, Swansea and London.
Planning Permission
Planning consent has been granted for the conversion of the upper floors of a derelict grade II listed building to a house in multiple occupation (HMO) (use class c4) including new rooflights, replacement of existing windows and rooflights and other associated internal and external works Planning reference: 23/0668.
Services
The property benefits from 3 phase electric.
VAT
We have been advised that no Vat is due on the sale of this property.
VIRTUAL TOUR
Accommodation
| Floor | Area Sq Ft | Area Sq M |
|---|---|---|
| First Floor | 519 | 48.22 |
| Second Floor | 531 | 49.33 |
| Third Floor | 530 | 49.23 |
| Total | 1,580 | 146.79 |
Tenancies
To be sold with vacant possession
Tenure
Advised Leasehold - to be verified by solicitor
999 years
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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Auction Finance
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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