Lot 5 - 73 & 73A Albert Avenue, Newport, Gwent, NP19 8FF
- Unconditional Online Auction Sale
- Guide Price* : £147,000+
- Bedrooms: 1
- Bathrooms: 1
- Reception Rooms: 1
INVESTMENT OPPORTUNITY
Description
A mixed-use, end-of-terrace property occupying a prominent corner position in the popular and well-established area of Maindee, Newport.
The ground floor comprises a substantial commercial unit, most recently trading as a hair salon, and offers excellent space with a main retail area, kitchen, WC, storage area, and basement with further usable space.
The first floor is arranged as a spacious one-bedroom apartment with its own private entrance. The accommodation includes a large living/dining room, fitted kitchen, double bedroom, and bathroom.
Both the commercial and residential elements benefit from gas combination boilers (not tested) and separate electricity supplies, providing versatility for future use.
Maindee itself is a bustling district with a wide range of local shops, cafes, and amenities, while Newport City Centre lies approximately one mile away. Convenient transport links are available via Chepstow Road, giving direct access to Junction 24 of the M4 motorway.
This property presents an ideal investment opportunity with the potential for dual rental income. It may also suit those seeking a live/work opportunity.
An attractive proposition for investors, business owners, and developers alike.
Accommodation
Ground Floor (commercial) - entrance to main shop area, hallway, kitchen, WC, rear storage area, stairs to basement area
Ground Floor (residential) - private entrance
First Floor (residential) - Landing, living/dining room, bedroom, kitchen, bathroom
Tenancy Details
To be sold with vacant possession
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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