Lot 12 - 75 Bridge Street, Newport, NP20 4AQ

  • Unconditional Online Auction Sale
  • Guide Price* : £120,000+
  • Bedrooms: 0

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Lot 12 - Commercial Investment

Description

ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY

A three storey property situated in Newport city centre.

Newport is a rapidly growing city transitioning from heavy industry to a tech/digital hub. It has been named a top city in Wales for starting businesses, with lower costs and high retention rates.

Newport is situated approximately 12 miles to the northeast of Cardiff and has a population in excess of 160,000. It has fantastic road and rail links regionally to the north, east and west via the M4. There are direct train lines to Cardiff, Swansea and London.

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Peter Alan Ltd FRI (To be confirmed) 25th December 2024/24th June 2030 5.5 Years £18,500 per annum

Tenancies

The property is let to Peter Alan estate agents, part of the Connells group, the largest estate agency network in the UK.

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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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

James Hollingsworth
7930173054

Documents

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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