Retail Property (high street) for sale

120 Commercial Street, Newport, NP20 1LX

Guide Price* 270 sq. m. | £140,000

Property Description

Commercial information

  • 2,906 sq ft (270 sq m)
  • Use class orders: A1 Shops

Key features

  • Three storey mid-terrace
  • Ground floor retail
  • Storage above
  • City centre location
  • Large window frontage
  • Potential for conversion to residential above

Full description

Tenure: Freehold

FOR SALE BY AUCTION on 7th February 2017 at 1PM. Auction to be held at Nottingham Racecourse Colwick Park Close, Nottingham NG2 4BE. Terms and conditions apply.

Pattinsons are delighted to offer this three storey mid-terrace commercial property consisting of a ground floor retail with storage above, set in a busy Newport city centre location with large window frontage facing the main street. The property has A1 Shops and Retail use class with a ground floor main sales area sized approximately 70m2. The first and second floor storage areas are in need of renovation, however have ideal potential for conversion into residential (subject to planning permission).

Please note that Pattinsons have not inspected this property.

LOCATION
The property is located in the heart of Newport city centre's shopping area, located within a short walk to the multi storey car park and new friars walk shopping development.

ACCOMMODATION
GROUND FLOOR - 70m2 (744.31sq. ft)
Main sales area: approx. 70m2 (14.0m x 5.0m)

FIRST FLOOR - 70m2 (744.31sq. ft)
The first floor is a split level large storage area with shelving, a kitchen area and W.C.
Storage area: 60m2 (5.0m x 12.0m)

SECOND FLOOR - 70m2 (744.31sq. ft)
The second floor is currently used for further storage.
Storage area: 70m2 (14.0m x 5.0m)

The property also benefits from a rear yard and rear access.

Building footprint approx. 270m2 (2,232.93sq. ft)

TENURE
Freehold. Title number WA798333.

RATEABLE VALUE
The adopted rateable value is 12,500 as effective from 01 APRIL 2010.

EPC
Available upon request.

VAT
Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction.

AUCTION INFORMATION
The subject property is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of 3,600. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (650 plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.

Nearest stations

  • Newport (S. Wales) (0.3 mi)
  • Pye Corner (2.0 mi)
  • Rogerstone (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newport (S. Wales) (0.3 mi)
  • Pye Corner (2.0 mi)
  • Rogerstone (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2670. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 2324392.


Map data OpenStreetMap contributors.