Sold Prior | Lot 10

34-35 Clytha Park Road, Newport, NP20 4NZ

Sold Prior

  • Mixed Use
  • 4 Bedrooms
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 15/05/2019

Auction Time

19:00

Auction Venue

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

Viewing Times:

Thu 2 May

15:00-15:30

Thu 9 May

15:00-15:30

Retail/Residential Investment with HMO Potential

This retail/residential investment is located on Clytha Park Road, a busy retailing parade a short distant walk from Newport City Centre and Newport Railway Station. There is a great mix of local and national retailers in this area including TESCO Express, Well Pharmacy, Meat and The Cellar Door.

Tenure

See Legal Pack

Ground Floor

Ground Floor Fish & Chip Shop, let until 2022 on a FRI lease at a rent of £15,000 p.a.x. There is a lock up unit which previously generated an income of £200 pcm. This could be used as archive storage or would be ideal for a sandwich bar or nail bar.

Upper Floors

A large vacant flat which could generate an income of £500 pcm, there is potential to convert this to a 3/4 bed HMO, subject to the relevant planning consents.

VAT

We have been informed that VAT will be payable on part of this transaction.

Viewing Schedule

Thursday 2nd May 15.00-15.30 Thursday 9th May 15.00-15.30

Energy Efficiency Rating (EPC)

Current Rating G & E

Local Authority

Newport City Council

Solicitors

Star Legal Abergavenny, Tiverton House, Lion Street, Abergavenny, NP7 5PN, Ref: FAO Heath Marshall, Tel: 01873 736536

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.