Cottage for sale in River Bridge Cottage, Forge Mews, Bassaleg, Newport, Gwent NP10

For sale by online auction - Lot 81 - Residential Investment/ Future development potential

Bidding opens: 27/08/2024 12:00
Auction scheduled to end: 29/08/2024 19:38

online auction from 27th august-29th August

Images 3 & 4 are for information only

A rare opportunity to acquire an extended detached cottage with a sizable plot (approx. 379 m2 ).

The property is sold with a tenant in occupation ( long term) and the property may offer scope for re-development of the site or an extension to the existing building to provide a larger family residence (subject to neccesary planning consents).

The property is situated in one of the most sought after areas of Newport and in catchment for the well regarded Bassaleg School and convenient for the M4 motorway for access to Cardiff or Bristol.

The property has UPVC double glazing and gas central heating (not tested) and has fitted kitchen and bathroom.

Planning:
We are not aware of any current planning however a previous application for development of 7 apartments was refused but it may be favourable in the future to a smaller development (subject to planning consents)

PLease note no Internal inspection has taken place however we are advised it comprises:
Ground Floor: Entrance, lounge/dining room, inner hall, kitchen
First Floor: Landing, 3 bedrooms, bathroom
Outside: Spacious garden and patio area to the front with further side and rear garden space

Tenure:
Advised Freehold - to be verified by solicitor

Tenancies:
The property is currently let at £975 however market rent should be nearer £1300 pcm