Lot 55 - 31 Commercial Street, Newport, Gwent, NP20 1HJ
- Unconditional Online Auction Sale
- Guide Price* : £68,000+
- Bedrooms: 0
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Lot 55 - Commercial Investment Opportunity
Description
ONLINE AUCTION from 16th DECEMBER- 18th DECEMBER 2025
A mid terraced commercial building that is trading as an Italian restaurant and has approximately 2,025 sq ft of accommodation over two floors. The restaurant is let on a 10 year lease and has been refitted by the current tenant.
Newport city centre is a mixed-use area focused on shopping, leisure, and business, with major indoor complexes like Friars Walk and the Kingsway Shopping Centre, surrounded by pedestrianized shopping streets & The city has seen significant investment, transforming it from traditional industries into a hub for tech and digital sectors.
The property occupies 100% prime position in the pedestrianised main retailing area. The adjacent occupier is the Co-op Bank. Other occupiers in close proximity include Boots, Waterstones, Poundland, Sports Direct, Burger King, WHSmith and Iceland. The property benefits from being located between Llanarth Street and Austin Friars. These streets link the new Friars Walk shopping centre with Commercial Street and the city centre. Newport railway station is a short walk away.
VIRTUAL TOUR
Accommodation
| Floor | Area Sq Ft | Area Sq M |
|---|---|---|
| Total | 1,578 | 146.60 |
| Ground Floor | 866 | 80.41 |
| Ancillary | 108 | 10.04 |
| Basement | 604 | 56.10 |
Tenancies
Tenancies sold subject to a 10 year lease let at £12,000 per annum
Tenure
Advised Leasehold - to be verified by solicitor (999 year lease)
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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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
Legal Documents
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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.
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