Lot 92 - 32 Church Road, Newport, NP19 7EL
Guide Price* : £95,000+
- Unconditional Online Auction Sale
Lot 92 - Commercial Investment with Residential Potential
Description
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER
Commercial unit located on a busy main road and within easy reach of Newport City Centre. The ground-floor unit was previously used as a tanning salon and now comes with vacant possession.
The shop should command a rental income in the region of £1,000 pcm.
The upper floor provides accommodation for the shop, and there is development potential to create a self-contained residential flat above, subject to the necessary planning consents.
Tenancies
To be sold with vacant possession
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.
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* : £95,000+
- Unconditional Online Auction Sale
Lot 92 - Commercial Investment with Residential Potential
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
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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