Lot 8 - Garages at Castle Park Close, Newport, Gwent, NP20 3NG

  • Unconditional Online Auction Sale
  • Guide Price* : £65,000 +
  • Bedrooms: 0

Addendum

Please note the tenancy agreements in the legal pack are historic as the client has owned them for over 15 years. The actual income per garage is £70 pcm £6,720 p/a

Lot 8 - Investment Opportunity

Description

ONLINE AUCTION from 16th DECEMBER-18th DECEMBER 2025

An opportunity to acquire a block of 8 garages (in block of 9). The garages are situated at the bottom of a cul-de-sac location within a yard area and have been refurbished.

The garages are fully let to established tenants and are an excellent hands-off investment.

Tenancies

Let at £7,200 p/a

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

Olivia Williams
01633 254044

Documents

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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