Lot 89 - Drill Hall, Lower Dock Street, Newport, NP20 1EF

  • Unconditional Online Auction Sale
  • Guide Price* : £180,000+
  • Bedrooms: 0

Property for Re-Development

Description

The grade II listed Drill hall which was completed in 1901 was the headquarters for the 3rd Monmouthshire Rifle Volunteer Corps. The hall was decommissioned in the 1960s and has been used as a religious building until a fire severely damaged it in March 2018.

The property which is located on the corner of Lower Dock St and Caroline St, close to Newport city centre, is now ripe for redevelopment. The current owners have drawn up a scheme which has had pre-planning approval from Newport City Council and Cadw. The scheme allows for the main drill hall to be retained whilst the three storey part of the property would incorporate 8 no. self-contained apartments. Should buyers not wish to retain the drill hall, there may be potential to create further residential dwellings (subject to any necessary planning and listed building consents).

Accommodation

The property has suffered extensive fire damage but comprises:
Ground Floor: Entrance foyer, a series of offices and rooms, former drill hall
First Floor: Rooms accessed via a stone spiral staircase
Second Floor: Rooms accessed via the stone spiral stairs
Third Floor: Rooms

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 1.2% of the purchase price (subject to a minimum of £975) 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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