For Sale By Auction | 19:00, 04 April 2019 | Lot 7

145 Commercial Street, Newport, NP20 1LN

*Guide | £149,000+ (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Thu 04/04/2019

Auction Time

19:00

Auction Venue

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

Viewing Times:

Mon 18 Mar

11:00-11:30

Mon 25 Mar

11:00-11:30

Mon 1 Apr

11:00-11:30

Commercial Property with Residential Potential

The property is located in a prominent pedestrianised position on Commercial Street which is the main shopping area of the City Centre close to Friars Walk and Kingsway shopping centres amidst both local and national occupiers including Greggs, Caffe Nero, Thomas Cook and Primark amongst others. The railway station is within walking distance and there are good road links to the M4 motorway.

Tenure

See Legal Pack

Description

The Property comprises of a 4 storey mid terrace retail unit with upper floor storage accommodation. The Property was most recently occupied by a travel agency with an A2 Planning use there is planning consent for a change of use to A3. The upper floors have the potential for residential redevelopment and the seller has drafted a scheme for five studio flats (plans available).

Accommodation

The property has been measured on a NIA basis and measures 267.8 sq m / 2,882 sq ft.

Rateable Value

Rateable Value (inc upper floors) - £22,300

VAT

We have been informed that VAT is payable on this transaction.

Viewing Schedule

Monday 18th March 11.00-11.30 Monday 25th March 11.00-11.30 Monday 1st April 11.00-11.30

Energy Efficiency Rating (EPC)

Current Rating G

Local Authority

Newport City Council

Solicitors

Templetons Solicitors, Temple Chambers, Stanmore Business & Innovation Centre, Howard Road, London, HA7 1BT, Tel: 02088618310

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 £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.