*Guide | £240,000 (plus fees)
- Commercial Property
- Tenure: See Legal Pack
Call the team on 02920 475 184 for more information
Substantial City Centre Property - Investment Opportunity
The property is located in the main High Street of Newport city centre. The ground floor is currently occupied and trading as "Slipping Jimmy's Bar and Grill" with a current rent of £15,000 pa. From it's own independent access off High Street there is access to three further floors offering redevelopment potential subject to the usual consents. GIA 277.6 sqm (2,988 sqft) All prospective buyers are advised to contact Newport City Council regarding all planning consents and available grants.
Tenure
See Legal Pack
Ground Floor
A3 Unit currently occupied - £15,000 pa. Please refer to the legal pack for the lease information.
First Floor
Four office rooms, a kitchen and WC. (93.3sqm 1,004 sqft)
Second Floor
Four office rooms, a split landing to a kitchen and WC (91.8 sqm 988 sqft)
Third Floor
Four office rooms, a split landing to a kitchen and WC. (92.5 sqm 996 sqft)
Viewings
Via Auction House on 01633 212555.
Energy Efficiency Rating (EPC)
Current Rating D
Local Authority
Newport City Council
Solicitors
Spicketts Battrick, 3-4 Gelliwastad Road, Ref: Spicketts Battrick, Tel: 01443 407221
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £600 inc VAT payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
