For Sale By Auction | 19:00, 13 February 2019 | Lot 12

34-35 Charles Street, Newport, Newport, NP20 1JT

*Guide | £180,000+ (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 13/02/2019

Auction Time

19:00

Auction Venue

Village Hotel 29 Pendwyallt Road, Coryton, Cardiff, CF14 7EF

Viewing Times:

Tue 29 Jan

13:00-13:30

Wed 6 Feb

13:00-13:30

Mon 11 Feb

10:00-10:30

Commercial Property with Development Potential

The Property is situated on the mid-point of Charles Street in the heart of Newport City Centre and is the gateway into Friars Walk. There is a good mix of national and local retailers within immediate proximity.

Tenure

See Legal Pack

Description

The Property is a substantial end of terrace building on, Lower Ground, Ground, First and Second floor levels. Formerly a pub the property has bar areas to the ground and first floor as well as a commercial kitchen and restaurant area. On the second floor there is a private flat. The lower ground floor provides dry storage which has access internally and externally from School Lane.

Business Rates

The Property has a rateable value of £5,000 p.a.x Welsh Government currently offer 100% relief on Property with a Rateable value of under £6,000 p.a.

Viewing Schedule

Tuesday 29th Jan 13.00-13.30 Wednesday 6th Feb 13.00-13.30 Monday 11th Feb 10.00-10.30

Local Authority

Newport City Council

Solicitors

Spicketts Battrick, 3 - 4 Gelliwastad Road, Pontypridd, CF37 2AU, Ref: John Allison, Tel: 01443 407221

Additional Fees

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 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.