A freehold mixed use building in Newport comprising of a tenanted ground floor retail premises, a split level first floor five bedroom flat, a tenanted two bedroom first floor flat and a tenanted four bedroom split level maisonette. The building has parking for 11 vehicles and a garage. (Title number: SL54655)
FOR SALE BY AUCTION: To be sold by public auction of the instruction of the owner. A freehold mixed use building in Newport comprising of a tenanted ground floor retail premises, a split level first floor five bedroom flat, a tenanted two bedroom first floor flat and a tenanted four bedroom split level maisonette. The building has parking for 11 vehicles and a garage with two cellars. To be sold via online bidding on Friday, 1 November 2024.
Auctioneers comments: 'Ideal for investors looking for income or development potential in a central Newport location, the parking with the property adds special interest to the Lot as a whole and this opportunity must not be missed.'
Auction date
The property is to be sold by public auction on Friday 1 November 2024 via a 2-hour online bidding window.
To view
Description
Freehold, retail premises, five bedroom flat, four bedroom flat, two bedroom flat, parking for 11 vehicles, garage. two cellars.
Location
Newport, Shropshire, West Midlands
Accommodation
Ground floor 10 St. Mary's Street Newport TF10 7AB
Ground floor retail premises
Let on a seven year lease, £11,700 PA
Total approx. extent: 407sqm/4,380sqft
Ground floor:
Retail space: 13.58m x 3.54m
Kitchen: 2.17m x 2.41m
WC -
Office: 3.21m x 2.53
Reception: 3.12m x 4.12m
Reception: 3.04m x 3.11m
Cellar 1: 3.67m x 10.37m
Cellar 2: 3.64m 6.24m
Flat 1 10 St. Mary's Street Newport TF10 7AB
First floor split level five bedroom flat
Approx. extent: 127sqm/1,367sqft
First floor:
Laundry room: 1.34m x 1.69m
Shower room 1: 2.89m x 1.69m
Shower room 2: 2.23m x 2.19m
Living room: 4.1m x 6.59m
Kitchen: 2.75m x 2.96m
Bedroom: 3.99m x 3.36m
Bedroom: 3.06m x 3.75m
Bedroom: 2.08m x 2.89m
Second floor:
Bedroom: 4.08m x 2.83m
Bedroom: 2.03m x 2.79m
Flat 2 10 St. Mary's Street Newport TF10 7AB
First floor two bedroom flat
Assured shorthold tenancy agreement, £8,700 PA
Approx. extent: 56sqm/603sqft
First floor:
Kitchen: 2.72m x 4.12m
Living room: 4.12m x 3.7m
Bedroom: 3.09m x 2.34m
Bedroom: 2.17m x 3.08m
Bathroom: 1.93m x 2.89m
Flat 3/The Barns 10 St. Mary's Street Newport TF10 7AB
Split level four bedroom maisonette
Assured shorthold tenancy agreement, £9,000 PA
Approx. extent: 95sqm/1,022sqft
Ground floor:
Living room: 4.17m x 5.69m
Kitchen: 2.99m x 4.27m
First floor:
Shower room:
WC -
Bedroom: 2.84m x 2.78m
Bedroom: 2.27m x 2.88m
Bedroom: 2.08m x 4.14m
Bedroom: 2.07m x 3.09m
Outside
Vehicle entrance and parking for 11 cars with a garage.
EPC rating
D - Ground floor 10 St. Mary's Street Newport TF10 7AB
D - Flat 1 10 St. Mary's Street Newport TF10 7AB
Expired - Flat 2 10 St. Mary's Street Newport TF10 7AB
D - Flat 3/The Barns 10 St. Mary's Street Newport TF10 7AB
Tenure
Freehold
Local authority and council tax band
Telford & Wrekin Council
Not recorded - Ground floor 10 St. Mary's Street Newport TF10 7AB
Not recorded - Flat 1 10 St. Mary's Street Newport TF10 7AB
A - Flat 2 10 St. Mary's Street Newport TF10 7AB
C - Flat 3/The Barns 10 St. Mary's Street Newport TF10 7AB
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 1.5% plus VAT (min. fee of £2,100 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Lot 112 - 10 St. Mary's Street, Newport, Shropshire, TF10 7AB
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