Lot 8 - 10 Speke Street, Newport, NP19 8EX

  • Unconditional Online Auction Sale
  • Guide Price* : £43,000+
  • Bedrooms: 0

Lot 8 - Commercial Property for Investment



A single storey building at approx. 290 sq ft. benefiting from UPVC double glazing and a new corrugated roof. The building consists of two rooms and small storeroom with a work surface. Subject to the relevant consents this property may be suitable for office space or storage.

Situated in Newport, just off the main area of Maindee. This property is located on a mixed use street with both residential and commercial properties. Within close proximity to Newport City Centre, Newport train station and the M4, this property would make the ideal investment.

Planning Permission
We have been advised there are no planning applications for this property (please refer to the local council for confirmation).

The vendor has advised there are no services available at the property.

Business Rates
Current rateable value is £1,500. The property is classified as 'Offices and Premises'.

Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).


Floor Area Sq Ft Area Sq M
Ground Floor: 2 rooms, store room 290 26.94

Outside: On street parking


To be sold with vacant possession


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 of 1.2% of the purchase price (subject to a minimum of £975) 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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