Lot 37 - 75-76 Lower Dock Street, Newport, NP20 1EH

  • Unconditional Online Auction Sale
  • Guide Price* : £199,999+

LOT 37 - Commercial Property with Planning Consent for 12 Flats

Description

ONLINE AUCTION from 13th DECEMBER-15th DECEMBER

A three storey, semi detached building of brick/stone construction with stone/rendered elevations. The property has most recently been used as office space but now benefits from planning consent for twelve flats.

The majority of the property is comprised of open space, and has been stripped back ready for development.

Located on the ground floor of the property is a garage space with inspection pit. The property may therefore be suitable for alternative use (subject to the relevant consents).

Location
Located within walking distance from Newport city centre, and within easy reach of the Friars Walk development and the recently rejuvenated Newport market.

This property is ideally situated within a 10 minute walk from Newport bus station, and a 20 minute walk from Newport train station.

Planning Permission
Planning has been granted for first and second floor rear extension, alterations to front elevation and new roof to create twelve flats. For further information please contact Newport City Council, planning reference 19/0095.

Business Rates
We have been advised that this property is currently exempt from business rates.

VAT
We have been advised that there is no VAT due on the sale of this property.

Accommodation

Floor Area Sq Ft Area Sq M
Ground Floor tbc tbc
Lower Ground Floor/Basement tbc tbc
First Floor tbc tbc
Second Floor tbc tbc

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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Paul Fosh Auctions
01633 254044

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