Lot 10 - The Former Angel, 39 West Street, Newport, NP20 4DD

  • Unconditional Online Auction Sale
  • Guide Price* : £125,000+
  • Bedrooms: 0

Lot 10 - Public House with Approved Planning in Principle for Four Flats

Description

ONLINE AUCTION from 7th MARCH-9th MARCH

Previously a public house, this property has recently been granted planning in principle for four flats.

Location
Located in the Newport city centre, within walking distance to Newport train station and local bus routes, this property would make an ideal investment.

Planning Permission
Pre application planning has been submitted for two one bedroom flats, one two bedroom flat, and a studio apartment. However, there may be potential for the studio apartment to be a one bedroom flat, (subject to the relevant planning consent).

Further information can be found via Newport City Council – planning reference: PRELET/PS/22/0074

Additionally, the current vendor has submit a planning application for X2 two bed flats, and a commercial unit on the ground floor. The vendor has not yet advertised the property to let but has had interest from a local business wishing to let the commercial unit for £10,000 per annum. Further information can be found via Newport City Council Planning ref: 22/1027

Services
The property benefits from water, gas and electric (not tested).

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

VIRTUAL TOUR

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Bar Area 1,124.18 104.44
Room 1 748.74 69.56
Female WC 93.11 8.65
Male WC 81.37 7.56
First Floor Room 2 119.37 11.09
Room 3 131.86 12.25
Room 4 179.54 16.68
Room 5 99.57 9.25
Room 6/Kitchen Area 337.55 31.36
Bathroom 62.32 5.79
Second Floor Room 7 172.65 16.04
Basement Cellar

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

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Debra Bisley

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