Lot 46 - 9 Gold Tops, Newport, NP20 4PH

  • Unconditional Online Auction Sale
  • Guide Price* : £265,000+
  • Bedrooms: 15

Addendum

In the original advert planning was stated as including a 1 x 3 bedroom apartment. This is incorrect and is 1 x 2 bedroom apartment.
Please refer to legal pack for further information

Development Opportunity

Description

ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY

A substantial office building with planning for an extension and conversion of existing building to provide 9 self-contained apartments with parking. The property is situated within close proximity to the Civic Centre and approximately a ¼ of a mile from the city centre itself. Newport offers a variety of shopping facilities and amenities, with Friars Walk shopping centre having an array of restaurants and shops, as well as a cinema and Superbowl. The property has easy access to Newport train station and the M4 motorway.

Planning:
Planning permisson renewed and varied in October 2021 for a period of 5 years (application no - 21/0307) for 6x2 beds and 3 x1 bed apartments. No section 106 contribution is required.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor
Apartment 1 2 bedrooms, 2 bathrooms, terrace 764 71
Apartment 2 2 bedrooms, 2 bathrooms, terrace 1,205 112
Apartment 3 2 bedrooms, 2 bathrooms, terrace 764 71
First Floor
Apartment 4 2 bedrooms, 2 bathrooms, balcony 764 71
Apartment 5 2 bedrooms, 2 bathrooms, duplex 1,210 112
Apartment 6 1 bedroom, 1 bathroom 592 55
Apartment 7 2 bedrooms, 2 bathrooms 764 71
Second Floor
Apartment 8 1 bedroom, 1 bathroom, balcony 600 56
Apartment 9 1 bedroom, 1 bathroom, balcony 600 56
Total 6,499 604

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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Paul Fosh Auctions
01633 254044

Office Contact

Sean Roper

Documents

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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