Lot 23 - 30 Newport Road, Caldicot, Gwent, NP26 4BQ
Lot 23 - 30 Newport Road, Caldicot, Gwent, NP26 4BQ
Guide Price* : £110,000+
- Unconditional Online Auction Sale
- 0 Bedrooms
- |
- 1 Bathroom
Lot 23 - Vacant Commercial Retail Opportunity
Description
ONLINE AUCTION from 1st September-3rd September
A single-storey commercial retail property situated in a prominent position within Caldicot town centre, close to the main shopping area and a range of established local businesses and amenities.
The property comprises a prominent, long retail unit, together with a kitchen, WC facilities and rear door access. The accommodation is in need of a programme of refurbishment and modernisation, providing an opportunity for an investor or owner-occupier to improve and add value.
Following refurbishment, we consider the property could potentially achieve a rental income in the region of £8,000–£10,000 per annum, subject to specification, lease terms and market conditions.
The property provides an attractive opportunity for investment, letting or owner occupation within an established town-centre location.
Accommodation
Ground floor: Retail accommodation, with a kitchen and toilet facilities to the rear, together with rear access.
Tenancies
There is a Lease dated 13 December 2010 registered, interested parties are to refer to the Note regarding the Lease dated 13 December 2010 in the legal pack for further details.
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* : £110,000+
- Unconditional Online Auction Sale
- 0 Bedrooms
- |
- 1 Bathroom
Lot 23 - Vacant Commercial Retail Opportunity
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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