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Lot 30
18 Cardiff Road, Newport, Gwent NP20 2ED

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Available £205,000

Over 8⅓ YEARS UNEXPIRED TO pizza hut franchisee without break
6 Week completion

SITUATION

Located close to the junction with Queen Street, opposite the large modern Newport Central Police Headquarters building on the busy George Street (B4237) and only a short distance from Commercial Street, amongst such multiples as Subway, Premier, Glöden Tanning, JD Wetherspoons and British Heart Foundation.
Newport is a major commercial and administrative centre in South Wales and is located some 20 miles east of Cardiff.

PROPERTY

A mid terrace building comprising a Ground Floor Shop (Take-away) with separate front access to a Self-Contained Flat on the first, second and third floors. In addition, the property includes a rear integral Garage and use of a rear service road.

VAT is applicable to this Lot

FREEHOLD

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.