Lot 66 - 62 Commercial Road, Newport, NP20 2PF

  • Unconditional Online Auction Sale
  • Guide Price* : £140,000+
  • Bedrooms: 4

Lot 66 - Commercial/Residential Opportunity

Description

ONLINE AUCTION from 4th OCTOBER-6th OCTOBER

A substantial freehold building comprising a ground floor commercial unit and residential on the upper floors.

The property is situated on the bustling area of Pill close to the city centre and good road links to the M4. The property was previously HMO licenced (now lapsed) but would also suit a live over commercial unit or scope to let the commercial & residential parts separately. The city of Newport has seen a significant amount of re generation over the last few years including many developments alongside the river Usk and in the city centre. The property benefits from gas central heating (not tested) and mostly UPVC double glazing.

Virtual Tour

Accommodation

Ground Floor: Shop/office unit storeroom/office kitchen shower room
First Floor: Landing, lounge/kitchen, 3 bedrooms
Second Floor: 1 bedroom
Outside: Rear garden with scope to extend subject to necessary planning consent

Council Tax Band

A

Tenancies

To be sold with vacant possession but should let in the region of £25,000/£30,000 pa

Investors: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email rhys@paulfoshlettings.com for invaluable advice.

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

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