Garage for sale23-25 Union Street, Newport, Isle of Wight
- For Sale by Public Auction at The Ageas Bowl
- Auction Date : 15 December 2016
- Lot Number : 77
- Freehold Town Centre Car Repair Facility With Development Potential
- *Guide Price : £100,000 PLUS
Situated in the very heart of Newport, the island's county town, this freehold building has been in use as a car repair workshop and offers scope for continued use or, in the longer term, site re-development, subject to all necessary consents being obtainable. Interested applicants are advised to make their own enquiries with the Local Planning Authority, the Isle of Wight Council. Tel: 01983 823552.
Open-plan workshop/car repair facility and small office/lobby.
A strip of approximately 4’ on the southern boundary of the existing building is not included within the Title and the purchaser will be required to separate this section of the building from the adjoining Title. Interested applicants are advised to inspect the Special Conditions of Sale, included within the legal pack, which is available for inspection at the Auctioneer’s Office.
We are advised that the adjoining property on the southern boundary is charged to a different bank, but the owner is the same as the subject (23-25 Union Street). The owner/borrower is bankrupt and it is likely that several adjoining properties will be offered for sale in the near future.
Freehold with Vacant Possession
Commercial EPC: G
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clive Emson Auctioneers, Maidstone on 0345 8500333.
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