MapResidential development
Auction
Residential development
5 beds
Features and description
- Tenure: Leasehold
- Advised Leasehold to be verified by solicitor 999 years
- To be sold with vacant possession
FOR SALE BY AUCTION - -Lot 55 - Premises with Planning Consent for a Five Bed HMO
ONLINE AUCTION from 10th DECEMBER-12th DECEMBER
Comprised over three floors, this building has recently gained planning consent for a five bedroom HMO, all rooms with ensuites.
Plans for the first floor include a living area, kitchen, WC and bin store. The second floor is comprised of three bedrooms with ensuites and a separate WC. The third floor contains two bedrooms with ensuites.
The property includes a roof terrace, totalling approx. 70msq.
The building appears to be built of brick and stone with a replaced machine-tile roof and modest sized corniced brick stacks. The building has been taken back to brick and is ready for development.
Once completed it is anticipated that the HMO should achieve £475 - £550 per a room per month.
Please Note: The ground floor is not included with the sale of this property. If you are interested in purchasing the whole building, please contact Paul Fosh Auctions directly.
Location
Situated on the eastern edge of Newport city centre, 10 Clarence Place lies along one of the city's most historic and bustling thoroughfares.
The property benefits from excellent transportation links. It is well served by buses, and is approximately a 10 minute walk from Newport railway station. Providing access to Cardiff, Bristol, Swansea and London.
Planning Permission
Planning consent has been granted for the conversion of the upper floors of a derelict grade II listed building to a house in multiple occupation (HMO) (use class c4) including new rooflights, replacement of existing windows and rooflights and other associated internal and external works Planning reference: 23/0668
Services
The property benefits from 3 phase electric.
VAT
We have been advised that no Vat is due on the sale of this property.
Tenure
Leasehold - 999 years from 2024
VIRTUAL TOUR
AccommodationFloorArea Sq FtArea Sq MFirst Floor51948.22Second Floor53149.33Third Floor53049.23Roof Terrace75370
Tenure:
Advised Leasehold - to be verified by solicitor
999 years
Tenancies:
To be sold with vacant possession
ONLINE AUCTION from 10th DECEMBER-12th DECEMBER
Comprised over three floors, this building has recently gained planning consent for a five bedroom HMO, all rooms with ensuites.
Plans for the first floor include a living area, kitchen, WC and bin store. The second floor is comprised of three bedrooms with ensuites and a separate WC. The third floor contains two bedrooms with ensuites.
The property includes a roof terrace, totalling approx. 70msq.
The building appears to be built of brick and stone with a replaced machine-tile roof and modest sized corniced brick stacks. The building has been taken back to brick and is ready for development.
Once completed it is anticipated that the HMO should achieve £475 - £550 per a room per month.
Please Note: The ground floor is not included with the sale of this property. If you are interested in purchasing the whole building, please contact Paul Fosh Auctions directly.
Location
Situated on the eastern edge of Newport city centre, 10 Clarence Place lies along one of the city's most historic and bustling thoroughfares.
The property benefits from excellent transportation links. It is well served by buses, and is approximately a 10 minute walk from Newport railway station. Providing access to Cardiff, Bristol, Swansea and London.
Planning Permission
Planning consent has been granted for the conversion of the upper floors of a derelict grade II listed building to a house in multiple occupation (HMO) (use class c4) including new rooflights, replacement of existing windows and rooflights and other associated internal and external works Planning reference: 23/0668
Services
The property benefits from 3 phase electric.
VAT
We have been advised that no Vat is due on the sale of this property.
Tenure
Leasehold - 999 years from 2024
VIRTUAL TOUR
AccommodationFloorArea Sq FtArea Sq MFirst Floor51948.22Second Floor53149.33Third Floor53049.23Roof Terrace75370
Tenure:
Advised Leasehold - to be verified by solicitor
999 years
Tenancies:
To be sold with vacant possession
About this agent
The company was established by Paul Fosh in 2001 following a long career in estate agency with companies situated across South Wales. Since 2001 the company has grown into the leading property auction house in Wales.