Lot 8 - Garages at Castle Park Close, Newport, Gwent, NP20 3NG
Lot 8 - Garages at Castle Park Close, Newport, Gwent, NP20 3NG
Addendum
Please note the tenancy agreements in the legal pack are historic as the client has owned them for over 15 years. The actual income per garage is £70 pcm £6,720 p/a
Guide Price* : £65,000 +
- Unconditional Online Auction Sale
Lot 8 - Investment Opportunity
Description
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER 2025
An opportunity to acquire a block of 8 garages (in block of 9). The garages are situated at the bottom of a cul-de-sac location within a yard area and have been refurbished.
The garages are fully let to established tenants and are an excellent hands-off investment.
Tenancies
Let at £7,200 p/a
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* : £65,000 +
- Unconditional Online Auction Sale
Lot 8 - Investment Opportunity
Viewing
Paul Fosh Auctions
Office Contact
Olivia Williams
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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