Guide price
£7,000
Property for saleWorcester Road, Newport PO30
- Auction
- Freehold
Watson Bull & Porter - Newport Sales
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About this property
Garage - For Sale!
Easy Access to Local Businesses, Isle of Wight College & Hospital
Ideal for Storage or Parking
Potential to Rent Out for £70PCM
Located on the outskirts of Newport town within a short walk to Newport Industrial Estate, Isle of Wight College & St. Mary's Hospital we bring to the market this en-bloc Garage located in Worcester Road.
It would make a great purchase for anyone living or working in the local area and could provide secure storage or parking.
The garage could provide an income stream after purchase and would be return £70 pcm.
Auctioneer Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Located on the outskirts of Newport Town within a short walk of St. Mary's Hospital, Town & local businesses, Isle of Wight College & schools.