Lot 96 - Unit 23B and C, The Market Place Shopping Centre, Blackwood, NP12 1AU

  • Unconditional Online Auction Sale
  • Guide Price* : £100,000+
  • Bedrooms: 0

Lot 96 - Two Commercial Units

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 plans for conversion into 20-25 residential flats alongside a 4,500 sqft retail unit (ideal for a flagship shop, café, or leisure space). Existing planning permission for 47 flats is included in the legal pack, providing immediate scope for ambitious investors.

Key Highlights:
• Flexible Layout: Already 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:
Full details, including existing planning permissions and structural surveys, are available 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.

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Paul Fosh Auctions
01633 254044

Office Contact

Debra Bisley

Documents

Legal Documents

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Auction Finance

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