Lot 56 - 65-73 High Street, Blackwood, Gwent, NP12 1BA

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Lot 56 - 65-73 High Street, Blackwood, Gwent, NP12 1BA

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Guide Price* : £395,000+

  • Unconditional Online Auction Sale

Lot 56 - Investment Opportunity with Development Potential

Description

ONLINE AUCTION from 6th October-8th October 2026

A substantial mixed-use investment opportunity prominently situated on High Street in the centre of Blackwood.

The property comprises a two-storey building providing five ground floor commercial units, with substantial accommodation to the first floor. To the rear of the property there are three garages together with parking provisions. The first floor was previously used as a furniture store and may offer potential for residential conversion, subject to obtaining the necessary planning consents.

The ground floor commercial accommodation comprises 65 High Street – Subway, 67 High Street – New Red Chilli, 69 High Street – Pink Nails, 71 High Street – Square Pizza Co and 73 High Street – Maximus, together with basement accommodation at 73 High Street.

The property currently produces a total passing rent of £60,744 per annum, providing an attractive investment opportunity with a mixture of commercial income and potential future development opportunities.

The property occupies a prominent position along Blackwood's principal retail thoroughfare, benefiting from good footfall and proximity to a range of national retailers, independent shops, cafés and local amenities. Blackwood is one of the main towns within Caerphilly County Borough and serves as an established retail and service centre for the surrounding area.

Accommodation

Ground Floor: Five commercial units comprising 65, 67, 69, 71 and 73 High Street
First Floor: Approximately 298 sq m of accommodation with potential for alternative use/conversion, subject to the necessary consents
Outside: Three garages and parking provisions

Accommodation

Property Description Lease Income
65 High Street Subway 10 years from 1st May 2025
Rent Review: 1st May 2030
Break Clause: 1st May 2030, subject to three months' notice.		 £12,000 per annum
67 High Street New Red Chilli 10 years from 10th March 2020
Rent Reviews: 10th March in years 3, 6 and 9		 £12,000 per annum
69 High Street Pink Nails 5 years from 29th June 2022
Rent Review: 29th June 2025
Break Clauses: 29th June 2023 and 29th June 2025, subject to six months' notice		 £12,000 per annum
71 High Street Square Pizza Co 15 years from 14th November 2023
Rent Reviews: Years 3, 6, 9 and 12
Break Clauses: Years 3, 5, 7, 9, 11 and 13, subject to six months' notice.		 £10,000 per annum
73 High Street Maximus 6 years from 3rd November 2021
The lease includes four car parking spaces.
Break clause exercised for 24th June 2026.		 £12,744 per annum
73 High Street Basemant Licence agreement from 1st December 2004 £2,000 per annum
Total Current Passing Rent £60,744 per annum

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.

Virtual tour

Guide Price* : £395,000+

  • Unconditional Online Auction Sale

Lot 56 - Investment Opportunity with Development Potential

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Paul Fosh Auctions

info@paulfoshauctions.com 01633 254044

Office Contact

James Hollingsworth

jamesh@paulfoshauctions.com 01633 254044
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Lot 56 - 65-73 High Street, Blackwood, Gwent, NP12 1BA

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