Lot 96 - Unit 23B and C, The Market Place Shopping Centre, Blackwood, NP12 1AU
- Unconditional Online Auction Sale
- Guide Price* : £100,000+
- Bedrooms: 0
Waiting for video...
Addendum
Please note the description has been amended
Lot 96 - Commercial Unit
Description
ONLINE AUCTION from 11th MARCH-13th MARCH 2025
A rare and strategic opportunity to acquire a 13,500 sqft mixed-use unit in the heart of Blackwood’s bustling Market Place Shopping Centre. This versatile space offers excellent development potential, with pre-drafted architects plans for conversion into 20-25 residential flats alongside a 4,500 sqft retail unit (ideal for a flagship shop, café, or leisure space). architects plans 47 flats are included, providing immediate scope for ambitious investors.
There is no service charge or ground rent payable.
Key Highlights:
• Flexible Layout: Potential to be subdivided into multiple retail/office spaces (subject to planning), ideal for diversified income streams or large-scale redevelopment.
• Council-Backed Incentives: Local grants available, with strong support from Blackwood Council for revitalization projects.
• Prime Location: Situated in a vibrant town centre with high footfall, surrounded by shops, eateries, and essential amenities (schools, healthcare, parks).
• Transport Links: Excellent connectivity via the A472/A4048, with Cardiff just 30 minutes’ drive. Regular bus services and nearby rail links.
Development Potential:
• Pre-submitted plans and architectural vision streamline your project timeline.
• Ideal for investors targeting the growing demand for town-centre living and retail in South Wales.
• Strong rental yields anticipated given Blackwood’s affordability and proximity to Cardiff’s employment hubs.
Location & Amenities
The Market Place Shopping Centre is a cornerstone of Blackwood’s community, offering:
• Immediate access to supermarkets (Aldi, Tesco), high-street brands, and independent retailers.
• Leisure facilities including Cefn Fforest Leisure Centre and Blackwood Miners’ Institute.
• Scenic outdoor spaces like Sirhowy Valley Walk and Parc Penallta.
Financial Incentives:
• Council grants and supportive planning policies enhance ROI potential.
• Competitive pricing for a high-footfall location with untapped residential/commercial demand.
Viewing & Legal Pack:
Further details can be found in the legal pack. Sold as seen, this is a time-sensitive opportunity for visionary developers or investors seeking a high-impact project.
Tenancies
To be sold with vacant possession
Tenure
Advised Leasehold 999 year lease - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
A problem with your internet connection has been detected.
We'll reconnect you as soon as we can.
Bidding History 22 Bids
| User | Amount | Date |
|---|---|---|
| Bidder 3 | £125,000 | 13/03/25 19:31:05 |
| Bidder 4 | £124,000 | 13/03/25 19:30:59 |
| Bidder 3 | 13/03/25 19:30:59 | |
| Bidder 4 | £122,000 | 13/03/25 19:30:50 |
| Bidder 3 | 13/03/25 19:30:50 | |
| Bidder 4 | 13/03/25 19:30:50 | |
| Bidder 3 | £120,000 | 13/03/25 19:30:29 |
| Bidder 4 | £119,000 | 13/03/25 19:30:26 |
| Bidder 3 | £118,000 | 13/03/25 19:30:15 |
| Bidder 4 | £117,000 | 13/03/25 19:30:11 |
| Bidder 3 | £116,000 | 13/03/25 19:30:00 |
| Bidder 4 | £115,000 | 13/03/25 19:29:46 |
| Bidder 3 | 13/03/25 19:29:46 | |
| Bidder 4 | £113,000 | 13/03/25 19:27:31 |
| Bidder 3 | 13/03/25 19:27:31 | |
| Bidder 4 | 13/03/25 19:27:31 | |
| Bidder 3 | £109,000 | 13/03/25 15:11:20 |
| Bidder 2 | £106,000 | 13/03/25 15:10:40 |
| Bidder 3 | £105,000 | 13/03/25 15:04:17 |
| Bidder 3 | £102,000 | 13/03/25 15:03:46 |
| Bidder 2 | £101,000 | 13/03/25 12:51:37 |
| Bidder 1 | £100,000 | 12/03/25 19:49:52 |
Viewing Information
Booking is required.
In the event of cancellation or amendment, we may contact you with updates. If you do not register but you travel to a viewing, you do so at your own risk.
Viewing
Office Contact
Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
Follow
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.