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No longer on the market

This property is no longer on the market

Mixed use

Auction
Mixed use
Added > 14 days

Features and description

  • Advised Freehold - to be verified by solicitor
FOR SALE BY AUCTION - -Lot 20 - Tenanted Multi Use Site
ONLINE AUCTION FROM 4TH FEBRUARY - 6TH FEBRUARY 2025

A multi use site comprising of two income streams with the potential for further income. The site is a tringle shaped parcel of land. At present the site is achieving £3,000 a month with further potential.

Unit 1: Car Sales Yard
To the left of the site is a fenced car sales yard. The site has been occupied as a car sales garage for approximately 16 years. The current tenants have occupied the site since August 2024. They currently have a 1 year lease and are paying £1,200 a month rental.

Unit 2: Hand Car Wash
The centre of the site had a covered area previously used as a petrol station. The site is now being occupied by a hand car wash. The tenants have a 5 year lease and are paying a monthly rental of £1,800 a month.

Unit 3: Advertising Board
To the right of the site there is an advertising board. This board fronts Trallwn Road, one of the main thoroughfares through the area. This is currently vacant but was previouslyrented at £100 a month.

Services
The property benefits from electric and water (not tested).

VAT
We have been advised that there is no VAT due on the sale of this property.

VIRTUAL TOUR

Tenure:
Advised Freehold - to be verified by solicitor
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About this agent

Paul Fosh Auctions - Newport
Paul Fosh Auctions - Newport
108 Lower Dock Street Newport, Gwent NP20 2AG
01633 371631
Full profileProperty listings
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.
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