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Residential Development for sale

Lower Dock Street, Newport, NP20 2AG

Guide Price* £90,000

Property Description

Key features

  • Substantial Period Building for Redevelopment
  • Advised Freehold - to be verified by a solicitor
  • The ground and lower ground floor of the property are currently let at £5,244 per annum to Dance World. Further details are available on request.

Full description

FOR SALE BY AUCTION - Thursday 01 December 2016- THE PARK INN, LLANEDEYRN, CARDIFF

Substantial Period Building for Redevelopment
A deceptively spacious period property situated on Lower Dock Street in an area of established commercial occupiers including Newport City Homes, the Passport Office, Newport Magistrate Court and Asda.

This is a unique opportunity to purchase a landmark building on the edge of Newport city centre, a short distance from the new Friars Walk development and will be of interest to owner occupiers, developers and investors.

The property provides ground floor dance studio with storage to lower ground floor level currently let at annual rental income of £5,244. The upper floors are vacant and require refurbishment. They are separately accessed from Lower Dock Street and have the potential for conversion to residential (subject to planning).

The red line on the plan is for identification purposes only.

Accommodation
From measurements taken on site, we have calculated the following Gross Internal Areas:-

FloorDescriptionArea Sq FtArea Sq M
GroundMain dance studio, secondary dance area, bar & wc facilties1,609150
Lower Ground FloorKitchen & store rooms92185
First FloorFive rooms1,722160
Second FloorSix rooms1,485138
Total5,737533



Tenure:
Advised Freehold - to be verified by a solicitor

Tenancies:
The ground and lower ground floor of the property are currently let at £5,244 per annum to Dance World. Further details are available on request.


Map & Street View

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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 Paul Fosh Auctions, Newport on 01633 254044.


Map data OpenStreetMap contributors.