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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.
To be sold with vacant possession
Advised Freehold - to be verified by solicitor
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.
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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