Lot 41 - 25 Charles Street, Newport, NP20 1JT
Guide Price* : £125,000+
- Unconditional Online Auction Sale
Lot 41 - Commercial Property with A3 Licence
Description
ONLINE AUCTION from 10th DECEMBER-12th DECEMBER
A three storey vacant premises with A3 licence and previously alcohol licence. The ground floor and basement have previously been occupied by a cafe. The ground floor briefly comprises of a retail area, seating area, commercial kitchen, and WC. There is also access to the garden area.
The top two floors are accessed via a separate entrance, and has most recently been occupied by a therapist/counselling service. We have been informed that the property has previously been used as a maisonette although this has not yet been confirmed. Subject to the relevant consents this property may be suitable for use as a flat or HMO.
Location
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.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that there is no VAT due on the sale of this property.
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
|---|---|---|---|
| Ground Floor | |||
| Lower Ground Floor/Basement | Not measured | Not measured | Not measured |
| First Floor | Room 1 | 141.34 | 14.05 |
| Room 2 | 255.75 | 24.29 | |
| Room 3 | 99.95 | 9.93 | |
| Shower Room | |||
| Second Floor | Room 1 | 157.24 | 15.45 |
| Room 2 | 143.96 | 13.94 | |
| Room 3 | 67.02 | 6.95 |
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* : £125,000+
- Unconditional Online Auction Sale
Lot 41 - Commercial Property with A3 Licence
Viewing
Paul Fosh Auctions
Office Contact
Debra Bisley
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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