Lot 91 - 418 Chepstow Road, Newport, NP19 8JH
Lot 91 - 418 Chepstow Road, Newport, NP19 8JH
Guide Price* : £138,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
- |
- 1 Bathroom
Lot 91 - Two Commercial Premises Plus Two Bed Flat
Description
ONLINE AUCTION from 19th May - 21st May
The property comprises two ground floor commercial units, both fully let, with frontage onto Chepstow Road. A shared entrance from Warwick Road leads into a communal hallway providing access to both commercial units and the first-floor residential accommodation.
The upper floor comprises a two bedroom flat, accessed via Warwick Road. The flat offers well-proportioned accommodation including a kitchen, bathroom, living room, and two bedrooms.
The rear shop unit is let on a lease from 18th November 2025 for a term of 12 months at £600 pcm (lease attached). The front shop (Diva's Lounge) is currently let on a rolling monthly tenancy at £500 pcm. The first-floor flat is believed to achieve approximately £850 pcm.
Council Tax Band
E
Tenancies
The property is being sold with tenants in situ.
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* : £138,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
- |
- 1 Bathroom
Lot 91 - Two Commercial Premises Plus Two Bed Flat
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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