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ONLINE AUCTION from 7th SEPTEMBER-9th SEPTEMBER
A substantial freehold building with two floors of office space which is let on a five year lease. The property is currently achieving £1,041.67 per month.
The property has been upgraded and well maintained and benefits from mostly UPVC double glazing, gas central heating (not tested) and also electric storage heaters.
The property is situated in a busy main road position with numerous other commercial retailers close by and is ideal for access to Newport city centre and major link roads to the M4.
*Please note that the auctioneer has not been able to gain access to the property, the internal photos are from previous marketing*
Ground Floor: Reception area, 2 offices, 2 store rooms
First Floor: 2 offices, kitchen, bathroom
Outside: Rear garden
The property is let on a five year lease at £12,500 pa
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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