Lot 28 - Garages & Land at, Spring Lane, Newport, NP20 4FW

  • Unconditional Online Auction Sale
  • Guide Price* : £58,000+
  • Bedrooms: 0

Investment Opportunity

Description

ONLINE AUCTION from 8th MARCH-10th MARCH

An opportunity to acquire one large double garage (for 4 vehicles) and a yard (approx 212 Sq m) which may offer scope for future development (subject to necessary planning consents). The garages/yard will be ideal for use for storage such as as vehicles or other uses.

The garages are situated at the bottom of a lane in this discreet location and may also be ideal for use by a tradesperson such as builders and plumbers etc.

Accommodation

Please note the photographs are from 2020

Ground Floor: Double garage with up and over doors, yard area to side

Tenancies

The property is Let on AST at £500 pcm (£6,000 p/a)

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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