Lot 58 - Garage & Office, 3B East Market Street, Newport, Gwent, NP20 2AY

  • Unconditional Online Auction Sale
  • Guide Price* : £51,000+
  • Bedrooms: 1

Addendum

Postponed

Lot 58 - Garage & Office for Owner Occupier/Investment

Description

ONLINE AUCTION from 7th MARCH-9th MARCH

A garage with rooms over which could be converted to a house subject to planning consents - given other conversions in the street. The property is to be sold as seen and comprises to the ground floor a garage with car pit. To the first floor via separate entrance and staircase and registered as an office, the rooms are currently arranged as follows:- open plan lounge/dining/ kitchen area, shower room and staircase to vaulted area. The property is to be sold with vacant possession. A good investment opportunity, the office was previously let at £450 pcm. We anticipate a rental on the garage of approximately £50pcm. The property could also appeal to buyers wanting a central location to town, a business requiring garage parking with office above, storage rooms or flat subject to necessary planning consents.

Newport provides excellent commuter links via the railway station and M4 motorway. The Royal Gwent hospital is a short distance away and Asda superstore is only a few steps away. Investment is transforming the city centre with new housing, shops, offices and leisure facilities.

Accommodation

Ground Floor: Garage with car pit and metal doors
First Floor:
Via separate entrance and staircase:
Office currently arranged as an open plan kitchen/lounge/dining room, 1 bedroom/office, shower room, staircase with vaulted room (study/storage)

Council Tax Band

A

Tenancies

To be sold with vacant possession

Tenure

Advised Freehold - to be verified by solicitor
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.

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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Angie Davey

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