Lot 8 - Access Road off, Cwm Lane, Rogerstone, Newport, Gwent, NP10 9GQ
Guide Price* : Nil
- Unconditional Online Auction Sale
Lot 8 - Access Road Investment
Description
ONLINE AUCTION from 9th APRIL - 11th APRIL
An access road comprising of a single track tarmacadam lane. The lane gives access to 8-10 residences together with agricultural fields and a water pumping station belonging to Dwr Cymru Welsh Water. We are informed that the vendors received a one off payment of £600.00 from Welsh Water for the grant of access over the land in 2023 to adjoining land which they were investigating for possible future works. The vendor has also informed us that the agricultural land adjoining the road is being promoted for development in the Local Development Plan, and the road may present an opportunity to afford cycle and or pedestrian access to Cwm Lane, if successful, subject to planning.
The lane is located to the east of Cwm Lane in the village of Rogerstone which lies within approximately three miles to the west of Newport City and one mile from the M4 - junction 27.
Viewings: Interested parties may view at any reasonable time. Do not use Sat Nav. The access road can be found off Cwm Lane – turn right signposted Cwm Lane (do not go left over the bridge) then immediately turn left where a small white sign indicates ‘private lane leading to Pensarn Farm’
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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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.
Guide Price* : Nil
- Unconditional Online Auction Sale
Lot 8 - Access Road Investment
Viewing
Paul Fosh Auctions
Office Contact
Angie Davey
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.
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