Property for Auction in Wales - 51-52 High Street, Newport NP20 1GA

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.