Lot 53 - 113 High Street, Blackwood, NP12 1AD

  • Unconditional Online Auction Sale
  • Guide Price* : £98,000+

Lot 53 - Commercial Development with Planning Consent for 2 Flats

Description

ONLINE AUCTION from 4th OCTOBER-6th OCTOBER

A mid terrace commercial property split over three floors. Internally the property requires full refurbishment throughout, however we understand that the property has recently had a new roof fitted.

Location
Situated in Blackwood town centre, close to a range of local amenities and shops. Approximately 9 miles north-east of Caerphilly and 12 miles north-east of Newport.

Planning Permission
The property benefits from planning permission dated 28 October 2019 to retain part existing retail unit and convert the use to its rear into a studio apartment and a two bedroom maisonette (Application Number 19/0268/COU).

Services
TBC

Business Rate
The property has been removed from the Business Rates listing, however the previous rateable value was £14,500

VAT
We have been advised that no VAT is due on this property (to be confirmed by solicitor).

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Retail Area 702 65.22
First Floor Storage area 245 22.76
Basement 650 60.39
Total 1,597 148.36

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.

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Paul Fosh Auctions
01633 254044

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