Lot 46 - 89 Lower Dock Street, Newport, NP20 2AH

  • Unconditional Online Auction Sale
  • Guide Price* : £280,000+
  • Bedrooms: 0

Lot 46 - Large Commercial Building with Development Potential 

Description

ONLINE AUCTION from 2nd SEPTEMBER-4th SEPTEMBER

Situated at the start of Lower Dock street and directly opposite the Passport Office is this large commercial building set over five floors which consists of basement, ground, first, second and attic. The property has been separated into seven office spaces, previously rented for between £250 and £700 a unit per month.

The building is an ideal development opportunity (subject to the necessary planning permission), for either flats or a large HMO.

The entrance is accessed from Lower Dock Street into a large entrance hallway, the ground floor is separated into two large commercial office spaces with natural light from the front and rear, two toilet/shower rooms and a kitchen.

The first and second floors have been separated into a selection of four different sized offices.

The attic has one large office separated into two rooms.

Lower Dock street is moments from the centre of Newport, directly next to Asda with excellent transport links out of Newport.

VIRTUAL TOUR

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 1.5% of the purchase price (subject to a minimum of £1,500) 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 254 044

Office Contact

Oliver Griffiths

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.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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