Lot 19 - Alexandra Court, Alexandra Road, Newport, NP20 2JW
Lot 19 - Alexandra Court, Alexandra Road, Newport, NP20 2JW
Addendum
This property has been withdrawn from auction.
Guide Price* : £1,350.000+
- Unconditional Online Auction Sale
Residential Development Opportunity
Description
ONLINE AUCTION from 27th APRIL-29th APRIL
Alexandra Court is a substantial, four storey, freehold building located on the corner of Alexandra Road and Mill Parade. The stone fronted building of typical 18th century industrial architecture was built in 1891 to replace the Old Ship.
The property was first converted into residential accommodation in 1973. Today, the building is comprised of 39 residential apartments, 7 of which are one-bedroom apartments, and 32 studio apartments, which all require renovation works. The property benefits from on-site parking, accessible from the rear of the property for approximately 10 cars.
There is planning consent – planning application number 18/1044 for refurbishment of existing apartments, new entrance to mill parade, new lift shaft and internal staircase, removal of existing walkway and subdivision of a flat into 2no. 1 bed flats.
The property is situated in the up and coming historic area of Pill, which has been the subject of much investment and regeneration over recent years. Points of interest near Alexandra Court include Newport Magistrates Court, Newport HM Passport Office and Newport Bus Station. The nearest airport is Cardiff Airport, which is 28 miles from the accommodation.
Accommodation
Outside: Raised terraced, courtyard with parking for approximately 10 cars
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* : £1,350.000+
- Unconditional Online Auction Sale
Residential Development Opportunity
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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