Lot 19 - Alexandra Court, Alexandra Road, Newport, NP20 2JW

  • Unconditional Online Auction Sale
  • Guide Price* : £1,350.000+
  • Bedrooms: 0

Addendum

This property has been withdrawn from auction.

Residential Development Opportunity

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

Alexandra Court is a substantial, four storey, freehold building located on the corner of Alexandra Road and Mill Parade. The stone fronted building of typical 18th century industrial architecture was built in 1891 to replace the Old Ship.

The property was first converted into residential accommodation in 1973. Today, the building is comprised of 39 residential apartments, 7 of which are one-bedroom apartments, and 32 studio apartments, which all require renovation works. The property benefits from on-site parking, accessible from the rear of the property for approximately 10 cars.

There is planning consent – planning application number 18/1044 for refurbishment of existing apartments, new entrance to mill parade, new lift shaft and internal staircase, removal of existing walkway and subdivision of a flat into 2no. 1 bed flats.

The property is situated in the up and coming historic area of Pill, which has been the subject of much investment and regeneration over recent years. Points of interest near Alexandra Court include Newport Magistrates Court, Newport HM Passport Office and Newport Bus Station. The nearest airport is Cardiff Airport, which is 28 miles from the accommodation.

Accommodation

Outside: Raised terraced, courtyard with parking for approximately 10 cars

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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