COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 20 May 2020 | Lot 4

151 Commercial Street, Risca, Newport, NP11 6EE

Sold £65,000

  • Mixed Use
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 20/05/2020

Auction Time

12:00

Auction Venue

ONLINE ONLINE,

Investment Opportunity

A substantial semi-detached property in need of full refurbishment but benefiting from double glazed (UPVC) fenestration and double-glazed display frontage and side pedestrian access via an alleyway which in turn leads to the rear garden. There appears as though there is some evidence of a residential element to the first floor, however, any interested parties are advised to make their own enquiries regarding this. There is an advertising hoarding to the side elevation, we haven’t been provided with any income details which is being produced from the advert and again advise prospective purchasers to make their own investigations regarding any income being obtained. The property could offer scope for residential development (subject to all necessary consents). Located at the southern end of Commercial Street in Risca just off the roundabout and next to the Texaco Service Station. There is excellent access to the A467 which leads to the M4 and to the range of local amenities in Risca itself.

Tenure

See Legal Pack

Ground Floor

Through open retail area with staircase to the first floor and three further rooms (one of which has an independent access point to the side pathway).

First Floor

Landing, two rooms and bathroom.

Outside

Garden area to the rear benefiting from access from a pathway to the side of the property.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Newport City Council

Solicitors

Priority Law Limited, 5300 Lakeside, Cheadle, Cheshire, SK8 3GP, Tel: 0161 2737600

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £840 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.