Lot 10 - 26 Bridge Street, Newport, NP20 4BG
- Unconditional Online Auction Sale
- Guide Price* : £160,000+
- Bedrooms: 0
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Commercial Investment with residential planning
Description
ONLINE AUCTION from 2nd FEBRUARY - 4th FEBRUARY
Located on Bridge Street Newport, this three-storey building with basement is the ideal investment.
This mid terrace building is ideally located in Newport City Centre, with the train station being a two minute walk away, making commuting from London, and into Bristol and Cardiff easy. Located within close proximity to numerous estate agents, financial services and hotels, this property benefits of good levels of footfall.
The building consists of three floors floors, the ground floor and lower ground floor is currently comprised of a tenanted retail unit with ancillary. The tenant, Luscombe and Co currently have been trading for many years as a Lettings Agency. They currently hold a 2 year lease with a view to extend, generating an income of £8,400 per annum.
The first and second floor have planning consent for two luxury one bedroom apartments – Planning reference number 18/0065
Car parking is to the rear elevation for circa 3 vehicles.
*Due to GDPR we are unable to list internal photo's of the office space. Please contact Paul Fosh Auctions for further information.*
Accommodation
Ground Floor Retail Unit: Open plan office space, wc
Lower Ground Floor Ancillary: 2 rooms, 2 storage, kitchenette
First Floor: 3 rooms, wc
Second Floor: 3 rooms
Outside: Car parking to the rear elevation for circa. 3 vehicles
Tenancies
Luscombe & Co currently hold a 2 year lease with a view to extend.
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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Office Contact
Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
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.
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