Lot 19 - 3-9 Grafton Lane, Newport, NP19 0AT
- Unconditional Online Auction Sale
- Guide Price* : £73,000+
- Bedrooms: 0
Waiting for video...
Lot 19 - Investment Opportunity
Description
ONLINE AUCTION from 25th JULY-27th JULY
A semi detached, two storey building previously used as a public house, and most recently used as architects offices, this property would make an ideal investment.
The current owner has had architectural plans drawn for two flats, however they have not yet applied for planning permission. We would anticipate flats in this area achieving approximately £110,000 for a one bedroomed flat, and renting for approximately £725 per month.
The ground floor of the property is briefly comprised of two offices and a WC. On the first floor of the property there are 3 offices, a former bar area and kitchen.
Subject to relevant consents, this property may be suitable as a beauty salon, studio space, or for gym classes. Additionally, there may be scope for further development.
Location
Located in the city of Newport a short walk from the city centre, Newport train station and Newport bus station. This property is situated in a mixed development area with a number of residential and commercial properties within close proximity.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that VAT is not applicable for this sale.
Business Rates
This property currently has a rateable value of £7,600 and is classified as offices and premises.
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
|---|---|---|---|
| Ground Floor | Room 1 | 120.34 | 11.18 |
| WC | |||
| Room 2 | 158.87 | 14.76 | |
| First Floor | Room 3 | 167.91 | 15.6 |
| Room 4 | 106.13 | 9.86 | |
| Kitchen | 28.63 | 2.66 | |
| Former Bar | 432.38 | 40.17 | |
| Room 5 | 121.73 | 11.31 |
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 £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.
Loading the bidding panel...
Viewing
Office Contact
Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
Share
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.