Lot 84 - 158 Commercial Street, Newport, NP20 1JQ
Lot 84 - 158 Commercial Street, Newport, NP20 1JQ
Guide Price* : £99,000+
- Unconditional Online Auction Sale
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.
Guide Price* : £99,000+
- Unconditional Online Auction Sale
Lot 84 - Prime Commercial Investment
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
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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