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ONLINE AUCTION from 16th MAY-18th MAY
A three storey mixed used development comprising of a commercial unit and two flats.
The commercial unit has most recently been used as a café, and is comprised of a retail area, hallway and kitchen.
Access to the flats is via a separate entrance. The first floor flat is currently vacant and is comprised of two bedrooms, bathroom and kitchen/ living area. The second floor flat is comprised of three bedrooms a bathroom and living/dining room.
There is also a basement area.
Located in Newport city centre within close proximity to Commercial Street and the newly developed Friars Walk. There are a number of local and national retailers within close proximity including Primark, Superdrug and TSB Bank.
The property benefits from being within walking distance to Newport train station and Newport bus station.
A prominent position on the intersection of Charles Street and School Lane.
The property benefits from gas, electric and water (not tested).
|Floor||Description||Area Sq Ft||Area Sq M|
|Lower Ground Floor||Basement||N/A||N/A|
|Ground Floor||Retail Area||309.57||28.76|
|First Floor||Kitchen/living area||191.38||17.78|
|Second Floor||Living/dining area||78.89||7.33|
|Tenant||Tenancy Type||Start Date / End Date||Tenancy Term||Rental Amount|
|Top Floor Flat||Statutory Periodic||1st June 2018||Rolling||£480 pcm|
Commercial unit is vacant
First floor flat is vacant
Top floor flat is tenanted (please see tenancy schedule).
Advised Freehold - to be verified by solicitor
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 £1,200) 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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