Mixed Use Investment Opportunity

Ground floor office / retail unit which is currently vacant, with a well presented two bedroom flat to the first floor. The flat is currently tenanted and is to be sold with the tenant in situ. Please refer to the legal pack for the tenancy information. Current rent payable - £550 pcm. The property is located in the Maindee area of Newport with an excellent range of local shops and businesses in the same area.

Tenure

Freehold

Ground Floor

Entrance into a communal hall with separate entrance into the ground floor office space. There are two rooms with a kitchen and WC. Access to a small rear yard.

First Floor

Independent flat with entrance hall, lounge, kitchen bathroom and two bedrooms. Well presented throughout with Double glazing and gas central heating. (not tested)

Outside

Small rear yard.

Viewing Schedule

Auction House Wales. Please call 01633 212555 to book an appointment.

Council Tax Band - A (Flat)

Energy Efficiency Rating (EPC)

Current Rating First Floor Flat - D Ground Floor Retail Unit -D

Local Authority

Newport City Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020

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.