Residential Development for sale68 Clifton Terrace, New Road, Newtown, SY16 1BG
Guide Price* 1 sq. ft. | £100,000
- Former Registered Care Home
- Eight Bedroom
- Two Bathroom
- Two En-suites
- Ideal Opportunity For Conversion To Flats
Pattinson auction are delighted to offer this eight bedroom commerical listing on Clifton Terrace occupies a very convenient residential location looking out over the cenotaph gardens on the fringe of the town centre. Ideal for the railway station, the property offers a rare opportunity to acquire a large multi roomed property and it is ideal for conversion to flats or a home.
We have been advised that Powys Council offer a redevelopment grant for empty homes - the grant allocation is £15,000 per flat.
Previously a registered care home, it is offered with full vacant possession and early completion.
Please Note: Pattinsons have not inspected this property.
The subject property is located in the heart of Newtown in Wales. It is within walking distance of most of the local amenities including 4 minute walk to the train station and 7 minute walk to the Tesco Supermarket.
Newtown is located 8.8 miles from the English border to the east and just over 40 miles to the west coast of Wales. Welshpool is located 13 miles north east of Newtown with Shrewsbury lying 31 miles North East over the English border.
The subject property is described as, ‘68 Clifton Terrace, New Road, Newtown, SY16 1BG,' it is being offered by way of an unconditional auction Freehold sale and is provided with the Title Number: WA614457. Any interested parties should have their legal advisor check this.
We await the of copy of the Energy Performance Certificate.
Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction. Interested parties should ensure that they refer to legal information that is provided by the sellers solicitor prior to auction.
RESERVATION FEE AUCTION INFORMATION
The subject property/site is sold under the buyer premium section of the auction; this means a successful buyer shall pay a premium of 5% against the final agreed purchase price plus VAT, subject to a minimum fee of 5,000 Pounds plus VAT, to Keith Pattinson Ltd on acceptance of an offer. THIS FEE IS NON REFUNDABLE.
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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 Pattinson Estate Agents, Commercial on 0191 4251507.
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