Lot 31 - 10 Speke Street, Newport, NP19 8EX

  • Unconditional Online Auction Sale
  • Guide Price* : £28,000+

Lot 31 - Commercial Property for Investment

Description

ONLINE AUCTION from 4th OCTOBER-6th OCTOBER

A single storey building at approximately 290 sq ft. benefiting from UPVC double glazing and a new corrugated roof. The building consists of two rooms and small storeroom with a work surface. Subject to the relevant consents this property may be suitable for office space or storage.

Location
Situated in Newport, just off the main area of Maindee. This property is located on a mixed use street with both residential and commercial properties. Within close proximity to Newport city centre, Newport train station and the M4, this property would make the ideal investment.

Services
The vendor has advised there are no services available at the property.

Business Rates
We have been advised that this is classified as a small business and is therefore exempt from rates. The property is classified as 'Offices and Premises'.

VAT
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).

Accommodation

Floor Area Sq Ft Area Sq M
Ground Floor: 2 rooms, store room 290 26.94

Outside: On street parking

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. 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.

Loading the bidding panel...

Office Contact

Viewing

Paul Fosh Auctions
01633 254044

Documents

Legal Documents

Log in to view legal documents

Share