For Sale By Auction | 17:00, 11 September 2019 | Lot 4

60 Commercial Road, Newport, NP20 2PF

Sold £105,000

  • Mixed Use
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 11/09/2019

Auction Time

17:00

Auction Venue

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

Viewing Times:

Wed 28 Aug

10:00-10:30

Mon 2 Sep

12:00-12:30

Mon 9 Sep

14:15-14:45

Ground Floor Retail Unit with 9 rooms above

An investment opportunity to acquire a mid-terrace mixed-use property on basement, ground, first and second floor levels, having been extended to ground and first floor over recent years. The property measures approximately 285 sq m / 3067 sq ft. The property is located at the mid-point of Commercial Road in Newport, a busy local retailing parade within the City which is within walking distance of the City Centre.

Tenure

See Legal Pack

Ground Floor

The ground floor has a glazed frontage to Commercial Road and provides an open plan retail unit with a depth of 27 m and is of a regular rectangular shape. There is a managers office towards the front of the unit and an internal wooden staircase provides access to the basement which provides dry storage. The property has the benefit of an electric roller shutter door over the glazed frontage.

Upper Floors

A self-contained entrance from Commercial Road allows for access to the upper floors. Currently the accommodation is set to No.9 rooms, a shared kitchen and shower facilities. The Property previously had a HMO license which has since expired., please make your own enquiries with the local authority.

Viewing Schedule

Wednesday 28th August 10.00 - 10.30 Monday 2nd September 12.00 - 12.30 Monday 9th September 14.15 - 14.45

Energy Efficiency Rating (EPC)

Current Rating TBC

Local Authority

Newport City Council

Solicitors

Curtis Whiteford Crocker Solicitors, 87-89 Mutley Plain, Plymouth, PL4 6JJ, Ref: Elizabeth Seal, Tel: 01752 204444

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.