Lot 75 - 33 Church Road, Newport, NP19 7EL
- Unconditional Online Auction Sale
- Guide Price* : £98,000+
- Bedrooms: 1
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The property has been postponed from auction.
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Lot 75 - Freehold Commercial Premises for Investment
Description
ONLINE AUCTION from 7th OCTOBER-9th OCOTBER
A substantial commercial unit located on a busy main road and within easy reach of Newport City Centre.
To the ground floor the property offers various rooms, a kitchen, WC and former shop area. The former shop fronts onto Church Road with the rear having its own separate access onto Dean Street. We believe the property previously traded as a bakery with the rear of the premises operating as a food delivery service.
Given its size the ground floor could offer scope for redevelopment subject to any necessary consents
To the first floor there is a studio flat offering open plan lounge bedroom and kitchen with separate shower room. Typically studio apartments can achieve approximately £600-£700 per calendar month
This property presents an ideal investment opportunity with the potential for dual rental income. It may also suit those seeking a live/work opportunity. An attractive proposition for investors, business owners, and developers alike.
The property is located close to amenities and offers easy access to Newport City and Junction 24 of the M4 motorway.
Accommodation
Ground Floor: Former shop area, hallway, kitchen, 6 rooms
First Floor: Open plan lounge kitchen bedroom, shower room
Tenancies
To be sold with vacant possession -Studio apartments can achieve approximately £600-£700 per calendar month
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.
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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If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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