Lot 96 - Land at Marryat Walk, Newport, NP20 3LJ

  • Unconditional Online Auction Sale
  • Guide Price* : £265,000+

Development Land with Planning

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

Approximately 0.5 acres of level development land. The land currently has planning consent to erect a scheme of nine houses with parking, gardens and visitor parking (planning reference 20/0975). We have been informed that the GDV of this site is estimated to be £2m.

The land is in a prominent position in a sought after area of the Gaer, west of Newport. It is in close proximity to local amenities such as shops, schools and GP surgeries. There are also a number of transport links close by, with including Junction 28 of the M4 motorway and SDR (Southern Distributor Road) allowing an easy commute to both Cardiff & Bristol. The area is a popular area for both rental properties as well a property sales

We have been advised that section 106 contributions have been agreed at £58,000 (see enclosed section 106 enclosed in the legal pack) and no affordable housing has been agreed.

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 £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, 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

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Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

Legal Documents

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