Lot 103 - 153 Commercial Road, Newport, Gwent, NP20 2PJ
Guide Price* : £75,000
- Unconditional Online Auction Sale
Lot - Development Opportunity with Planning Permission for Four Flats & Commercial Unit
Description
ONLINE AUCTION from 1st SEPTEMBER - 3rd SEPTEMBER
An exciting freehold development opportunity situated on Commercial Road, Newport, comprising a site with planning permission granted for the development of four residential flats and a ground-floor commercial unit.
The property/site is in need of full reconstruction and provides an opportunity for developers and investors to deliver a mixed-use scheme in an established location close to Newport city centre.
Planning permission was granted by Newport City Council under Planning Reference 25/0530 on 18 July 2025 for the redevelopment of the site to provide a ground-floor commercial unit with four residential units above.
Prospective purchasers should make their own enquiries with Newport City Council and satisfy themselves regarding the planning permission, approved plans, conditions and proposed development.
Planning
Planning Reference 25/0530
Decision Granted
Decision date 18 July 2025
Approved Development Ground-floor commercial unit and four residential units
Condition The site/property is in need of full reconstruction. Prospective purchasers should satisfy themselves as to the condition, structure and all works required prior to bidding.
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* : £75,000
- Unconditional Online Auction Sale
Lot - Development Opportunity with Planning Permission for Four Flats & Commercial Unit
Viewing
Open for inspection
Office Contact
James Hollingsworth
Documents
Legal Documents
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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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