Lot 41 - 25 Charles Street, Newport, NP20 1JT

  • Unconditional Online Auction Sale
  • Guide Price* : £125,000+
  • Bedrooms: 0

Lot 41 - Commercial Property with A3 Licence

Description

ONLINE AUCTION from 10th DECEMBER-12th DECEMBER

A three storey vacant premises with A3 licence and previously alcohol licence. The ground floor and basement have previously been occupied by a cafe. The ground floor briefly comprises of a retail area, seating area, commercial kitchen, and WC. There is also access to the garden area.

The top two floors are accessed via a separate entrance, and has most recently been occupied by a therapist/counselling service. We have been informed that the property has previously been used as a maisonette although this has not yet been confirmed. Subject to the relevant consents this property may be suitable for use as a flat or HMO.

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.

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

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

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor
Lower Ground Floor/Basement Not measured Not measured Not measured
First Floor Room 1 141.34 14.05
Room 2 255.75 24.29
Room 3 99.95 9.93
Shower Room
Second Floor Room 1 157.24 15.45
Room 2 143.96 13.94
Room 3 67.02 6.95

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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