Lot 13 - Former RBS Bank, 32 Commercial Street, Newport, NP20 1RL

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

City Centre Retail Unit

Description

ONLINE AUCTION from 8th DECEMBER - 10th DECEMBER

Former RBS bank, situated in Newport city centre. The property is a mid terrace commercial building, in good condition and provides approximately 1,214 sq.ft of space including basement.

The property occupies 100% prime position in the pedestrianised main retailing area. The adjacent occupier is the Nationwide Bank. Other occupiers in close proximity include Boots, Waterstones, Poundland, Sports Direct, Burger King, WHSmith and Iceland The property benefits from being located between Llanarth Street and Austin Friars. These streets link the new Friars Walk shopping centre with Commercial Street and the city centre. Newport Railway Station is a short walk away.

The property is being sold with vacant possession but has recently been let for £28,500 pa.

Accommodation

Floor Area Sq Ft Area Sq M
Ground Floor 1,118 103.87
Basement 96 8.91
Total 1,214 112.78

Tenancies

To be sold with vacant possession

Tenure

Advised Leasehold - to be verified by solicitor - (999 year lease)

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 £750) 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. Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.

Bidding not yet open
Minimum Opening Bid

£112,000


Bidding Opens On
8th Dec 2020 12:00
End Date

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Office Contact

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Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

Legal Documents

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