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ONLINE AUCTION from 10th DECEMBER-12th DECEMBER
A portfolio of nineteen garages situated in the city of Newport. All of the garages are currently tenanted and are achieving an annual income of £6,948.
There is potential for future rent reviews or alternative uses (subject to necessary planning permissions).
Please note that the garages are being sold with the freehold.
Location
Situated in the sought-after residential area of Allt-Yr-Yn in the city of Newport. These garages are well positioned to the rear of a number of blocks of residential flats.
The site is situated in a convenient and accessible location with high demand for garage rentals in the area. There are excellent transport links, with easy access to the M4 motorway, Newport city centre, and Newport train station, offering connections to Cardiff, Bristol and London.
Column 1 | Column 2 | Column 3 |
---|---|---|
Unit | Tenancy Type | Rent Per Month |
Garage no.96 | Monthly Rolling | £45 |
Garage no.99 | Monthly Rolling | £27 |
Garage no.101 | Monthly Rolling | £30 |
Garage no.102 | Monthly Rolling | £27 |
Garage no.103 | Monthly Rolling | £27 |
Garage no.104 | Monthly Rolling | £27 |
Garage no.105 | Monthly Rolling | £33 |
Garage no.106 | Monthly Rolling | £33 |
Garage no.108 | Monthly Rolling | £27 |
Garage no.110 | Monthly Rolling | £27 |
Garage no.112 | Monthly Rolling | £33 |
Garage no.113 | Monthly Rolling | £30 |
Garage no.114 | Monthly Rolling | £33 |
Garage no.116 | Monthly Rolling | £27 |
Garage no.118 | Monthly Rolling | £30 |
Garage no.119 | Monthly Rolling | £27 |
Garage no.120 | Monthly Rolling | £33 |
Garage no.121 | Monthly Rolling | £33 |
Garage no.123 | Monthly Rolling | £30 |
Total | £579 |
Advised Freehold - to be verified by solicitor
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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