114 Lower Dock Street, Newport, Gwent, NP20 2AF
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Fully tenanted
- Large garage
- Electric roller shutter door
- Fully refurbished
- Close to city centre
Description
ONLINE AUCTION from 20th MAY-22nd MAY
A former dock building, comprising of 4 storey's including basement. The property is currently tenanted by reputable tenants (BAROD) who have recently signed a new 2-year lease renewal which commenced 01/04/2025.
The tenants are paying a rental of £32,000 per a year. The rent is paid two yearly in advance, and will be apportioned and paid to the purchaser on the point of completion.
The property comprises of 4 storey's, including basement. The ground, first and second storey's all contain 3 floors of offices, with a kitchenette, toilets, and a boiler serving each floor. There is a seperate meter serving each floor.
The premises was fully refurbished from the shell, circa 2007 at an overall cost of more than £500,000. During the renovation, extensive works were completed, including all electrical installations, plumbing, gas, roof, floors, render, hardwood windows, service fire alarm, emergency lighting and stairs.
The building has recently had a full exterior repaint, which is still in the process of being completed.
To the rear of the property is a large garage with an electric roller shutter door. There is also a good sized car park.
Location
Situated in the city of Newport, a short walk from the City Centre. The surrounding area features a mix of residential and commercial properties. Nearby amenities include various shops, eateries, and public services
The location also benefits from excellent transport links, with easy access to Newport bus station, train station, and the M4 facilitating seamless connections to the broader Newport region, Cardiff, Bristol and Swansea.
Services
The property benefits from gas, water and electric (not tested).
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
To be sold with vacant possession
Brochures
114 Lower Dock Street, Newport, Gwent, NP20 2AF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newport (S. Wales) Station0.5 miles
- Pye Corner Station2.2 miles
- Rogerstone Station3.5 miles
Notes
Disclaimer - Property reference 291709. 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 Paul Fosh Commercial, South Wales. 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.
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 Paul Fosh Commercial, South Wales on 01633 603812.
*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.”
Map data ©OpenStreetMap contributors.