Lot 17 - Office Space, 31-34 Commercial Street, Newport, NP20 1RL

  • Unconditional Online Auction Sale
  • Guide Price* : £300,000+

Addendum

This lot has been withdrawn from the auction and will be reentered into our February sale.

City Centre Offices

Description

ONLINE AUCTION from 8th DECEMBER - 10th DECEMBER

This office accommodation is at first, second and third floor level with the self-contained entrance located along the pedestrianised main retailing area of Newport city centre. The property occupies a prime location on the corner of Commercial Street and Friars Street, close to the successful Friars Walk Shopping Centre development. Newport’s bus terminal and Newport train station are within a 2 minute and 5 min walk.

Newport is located approximately 40 kilometres (22 miles) north east of Cardiff, 40 kilometres (25 miles) north-west of Bristol and 217 kilometres (136 miles) west of London. The location benefits from easy accessible communication with the M4 which gains access to Swansea (west) and the Severn Bridge leading to Bristol (east).

There is potential for residential conversion to 24 residential units (subject to planning consent).

Accommodation

Floor Description Area Sq Ft Area Sq M
31 Commercial Street
First Floor
Offices 806 74.88
Second Floor Offices 574 53.33
Third Floor Offices 374 34.75
32/33 Commercial Street
First Floor
Offices 591 54.91
Second Floor Offices 605 56.21
Third Floor Offices 400 37.16
33/34 Commercial Street
First Floor
Offices - Front 1,411 131.1
Second Floor Offices - Front 1,436 133.4
Third Floor Offices - Front 986 91.6

Tenancies

To be sold with vacant possession

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 1.2% of the purchase price (subject to a minimum of £750) 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. 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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Office Contact

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Paul Fosh Auctions, 01633 254 044
01633 254044

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