Lot 83 - 10 Clarence Place, Newport, NP19 0AE

  • Unconditional Online Auction Sale
  • Guide Price* : £148,000+
  • Bedrooms: 5

Lot 83 - Commercial Premises and Planning Consent for a Five Bed HMO

Description

ONLINE AUCTION from 10th DECEMBER-12th DECEMBER

A freehold building comprising of a commercial unit to the ground floor and planning consent for an HMO to the upper floors.

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 ground floor is currently comprised of an open plan commercial space. We have been advised that the premises was previously used as a restaurant.

The property includes a roof terrace, totalling approx. 70msq.

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.

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, gas and water.

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
Ground Floor Not measured Not measured
First Floor 519 48.22
Second Floor 531 49.33
Third Floor 530 49.23
Roof Terrace 753 70

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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