Lot 5 - 133 Lower Dock Street, Newport, Newport, NP20 1EG
- Unconditional Online Auction Sale
- Guide Price* : £68,000+
- Bedrooms: 0
- Bathrooms: 0
COMMERCIAL INVESTMENT OPPORTUNITY / CHANGE OF USE POTENTIAL
Description
A rare opportunity to acquire a vacant commercial property situated in a prominent position within Newport City Centre, offered for sale by auction. Having remained unused for over 30 years, the building now presents an exciting prospect for redevelopment and value enhancement.
Arranged over multiple floors, the property offers significant potential for a mixed-use scheme, with scope for commercial premises at ground-floor level and residential accommodation across the upper floors, subject to obtaining the necessary planning consents.
Ideally located in the heart of the city centre, the property benefits from excellent access to a wide range of amenities, transport links, and established retail and business occupiers, making it an attractive proposition for investors, developers, and entrepreneurs seeking a project in a central and well-connected location.
Permit parking is available within the area (interested parties are advised to make enquiries directly with the local authority).
This is a unique chance to revitalise a long-vacant building and unlock its full potential.
Accommodation
Ground Floor - Access via rear door, open-plan ground-floor area
First Floor - Landing, open-plan room
Second Floor - Open-plan room
Tenancy Details
To be sold with vacant possession
Tenure
Tenure is advised Freehold
Auction Fees And Additional Costs
The purchaser will be charged a buyers premium of 1.20% of the sale price with a minimum fee of £1,195 inc. VAT
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, 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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