Residential Development for saleLower Dock Street, Newport, NP20 2AG
Guide Price* £90,000
- 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 descriptionFOR 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.
From measurements taken on site, we have calculated the following Gross Internal Areas:-
|Floor||Description||Area Sq Ft||Area Sq M|
|Ground||Main dance studio, secondary dance area, bar & wc facilties||1,609||150|
|Lower Ground Floor||Kitchen & store rooms||921||85|
|First Floor||Five rooms||1,722||160|
|Second Floor||Six rooms||1,485||138|
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.
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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.
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