The property is a mid terraced commercial property on ground and first floor levels. The ground floor was previously used as a hair salon with self contained offices to the first floor. The property is to be sold vacant possession. The property is located on Livingstone Place with frontage onto Chepstow Road on Maindee Square.
See Legal Pack
The Property measures 106 sq m / 1,147 sq ft.
The property is presumed to have planning permission for A1 for the hair salon and B1 for the office above. Any potential purchaser is advised to make enquiries with the local authority to verify the current use and to discuss any proposed change of use.
We have been informed that the property has a Rateable Value of £4,350 per annum. The Welsh Government have a rates relief scheme in place, properties with a rateable value of less than £6,000 p.a are exempt from business rates. Interested parties are asked to contact their local Rating Authority to verify this information.
Thursday 2nd May 12.30-13.00 Thursday 9th May 12.30-13.00
To download the legal pack please visit: www.auctionhouse.co.uk/southwales
There is evidence of Japanese Knotweed outside of the boundary of the site which we have been informed is being treated by network rail.
Energy Efficiency Rating (EPC)
Current Rating E - 104
Newport City Council
Eversheds-Sutherland Solicitors (Katie), 1 Callaghan Square, Cardiff, CF10 5BT, Ref: Katie Lewis, Tel: 02920 477210
Buyer's Premium - £720 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.