Lot 84 - 158 Commercial Street, Newport, NP20 1JQ

  • Unconditional Online Auction Sale
  • Guide Price* : £99,000+
  • Bedrooms: 0

Lot 84 - Prime Commercial Investment

Description

ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY

The property forms part of the former Poundland building until 2017 and is offered with vacant possession.

We have been advised by the landlord that there are current dilapidations costs which may be recoverable from Poundland.

We advise that this property will be able to achieve £12,000 - 15,000 pa.

There is also potential for residential development above the retail unit, subject to obtaining the necessary planning consent.

Newport city centre is a major retail and commercial hub within South Wales, benefiting from strong footfall, established shopping streets, and major schemes such as Friars Walk. The area has seen significant regeneration and investment in recent years, supporting continued growth across the retail, leisure, and business sectors.

Tenancies

To be sold with vacant possession

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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

James Hollingsworth
7930173054

Documents

Legal Documents

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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.

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