Auction House London

Lot 142

Commercial Development - Commercial Property 

117 Commercial Street

Newport, Gwent, NP20 1LX

Sold for £85,000

A Freehold High Street Redevelopment Opportunity Comprising a Ground Floor Retail Unit with Ancillary Accommodation to the Upper Floors (Fire Damaged). Offered with Planning Permission for Conversion and Redevelopment to Provide Further Commercial Space and Four Self-Contained Flats (Three Above and One to the Rear).

Description

The property comprises a ground floor retail unit with ancillary accommodation above within a mid terrace building arranged over ground and two upper floors with planning permission (pending the 106 agreement) for extensive redevelopment.

Location

The property occupies a prominent position on Commercial Street in Newport amongst local shops and amenities. Nearby multiples include Primark, Lloyds Bank and Superdrug as well as Kingsway Shopping Centre and Friars Walk Shopping Centre. Transport links are provided by Newport (South Wales) rail station.

Overflow

Existing Accommodation
Ground Floor
Retail Unit

First Floor
Ancillary Accommodation

Second Floor
Ancillary Accommodation

Planning (2nd Column)

Newport City Council granted the following planning permission subject to the 106 agreement (ref: 18/0042) on the 30th April 2018:
'Redevelopment of existing building to provide an extended shop floor, office and new shop front. Conversion and extension of building to provide 3no. Additional flats (resulting in 4 in total) with associated works including stairwell and access arrangements'.

Viewing Details

There are no internal inspections due to fire damage
For all enquiries please contact us directly on 0207 625 9007

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 117 Commercial Street, Newport, Gwent, NP20 1LX

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