Auction Property

Interested in this property?

Request a Legal Pack

Read More

Click below for further information

Auction Finance Available

Location: 9 Gold Tops, Newport, Gwent, NP20 4PH

Summary:
Residential development opportunity - Full planning for 9 apartments in sought after location

Guide Price: 230,000+

Full Description:
An opportunity to purchase a residential property development which has suffered fire damage in this sought after location with close proximity of the Civic and City Centre. The city itself has increased in popularity through the abolishment of the Severn Bridge tolls leading to inward residential and commercial investment such as the recent Friars Walk Shopping Centre and further waterfront development on the river. Full planning permission has been granted for an extension and conversion of the building in to 9 self-contained apartments consisting of 3 x one bedrooms, 5 x two bedrooms and 1 x three bedrooms which are laid out over three floors. The fully granted planning details are available through the local authority’s planning portal application number 14/1250 or alternatively plans can be obtained through the auctioneer’s office. Completed accommodation subject to current planning granted:

SQ FT SQM
GF: Apartment 1: two bedrooms, two bathrooms and terrace 764 71
Apartment 2: two bedrooms, two bathrooms and terrace 1205 112
Apartment 3: two bedrooms, two bathrooms and terrace 764 71
FF: Apartment 4: two bedrooms, two bathrooms and balcony 764 71
Apartment 5: three bedrooms, two bathrooms. 1210 112
Apartment 6: one bedroom, one bathroom 592 55
Apartment 7: two bedrooms, two bathrooms 764 71
SF: Apartment 8: one bedroom, one bathroom and balcony 600 56
Apartment 9: one bedroom, one bathroom and balcony 600 56
OS: Eleven parking spaces and communal gardens
  Tenure: Presumed Freehold – please refer to the legal pack for verification of  tenure. Viewing: Auctioneers Office, Seel & Co Ltd (029) 2037 0117 Guide Price: £230,000+ Additional Fees: Buyers Premium – 0.5% with minimum of £600 (inc of VAT) payable on exchange of contracts. Please check the legal pack for any further disbursements that may be payable by the purchaser on completion. Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.