Lot 72 - 9 Gold Tops, Newport, NP20 4PH

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

Development Opportunity

Description

ONLINE AUCTION from 8th - 10th March

A substantial office building with planning for an extension and conversion of existing building to provide 9 self-contained apartments with parking however there maybe scope to increase the number of units within the building (subject to necessary planning consents). 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.

The local search is now available in the legal pack.

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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01633 254044

Office Contact

Sean Roper

Documents

Auction Finance

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