Lot 27 - Office Space, 31-34 Commercial Street, Newport, NP20 1RL
- Unconditional Online Auction Sale
- Guide Price* : £300,000+
City Centre Offices
Description
ONLINE AUCTION from 2nd FEBRUARY - 4th FEBRUARY
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. 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.
£275,000
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
