Lot 85 - 89 Lower Dock Street, Newport, NP20 2AH
- Unconditional Online Auction Sale
- Guide Price* : £230,000+
- Bedrooms: 0
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Lot 85 - Large Commercial Building with Development Potential
Description
ONLINE AUCTION from 7th OCTOBER-9th OCTOBER
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional 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.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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