Lot 5 - Garages at, Bridge Street, Abercarn, Newport, Gwent, NP11 4SE
- Unconditional Online Auction Sale
- Guide Price* : £5,500
- Bedrooms: 0
Land with Garages
Description
An excellent opportunity to acquire a plot of land near Bridge Street, Abercarn, offering fantastic potential for investment or personal use. The site currently features four garages, which are in poor condition and would benefit from demolition and redevelopment.
This land presents a great prospect for investors, local residents in need of secure storage, or builders and tradespeople seeking a practical storage solution. With demand for storage space and small-scale development opportunities on the rise, this plot offers plenty of scope for improvement.
Located in a convenient and accessible area, close to local amenities and transport links, this site provides versatile potential for a range of uses (subject to necessary permissions).
Tenancy Details
To be sold subject to the following tenancies
Garage 1 - £40 per calendar month (due for renewal 12/02/25)
Garage 2 - Vacant
Garage 3 - £40 per calendar month (due for renewal 03/05/25)
Garage 4 - £40 per calendar month (due for renewal 16/02/25)
Tenure
Tenure is advised Freehold
Auction Fees And Additional Costs
The purchaser will be charged a buyers premium of 1.20% of the sale price with a minimum fee of £995 inc. VAT
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty. Please check accompanying legal pack for further details.
* 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.
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