Uppers Floor 31-34 Commercial Street, Newport, NP20 1RL
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- SECTOR
Residential development for sale
Key features
- Located in Newport city centre
- Planning permission for 16 flats
- Close to train station and bus terminal
- Office space
Description
ONLINE AUCTION from 23rd JULY-25th JULY
This office accommodation is at first, second and third floor level with the self-contained entrance located along the pedestrianised main retailing area of Newport city centre.
The property has obtained planning consent for 16 flats.Please note that two of the flats in the planning approval are on the fourth floor, in the attic space, which are not part of the lease or in the vendors ownership. There have been previous negotiations regarding adding the ownership of the roof and the roof space to the lease, the landlords most recent quote for this was £10,000.
Location
Situated along the pedestrianised main retailing area of Newport city centre. The property occupies a prime location on the corner of Commercial Street and Friars Street, close to the successful Friars Walk Shopping Centre development. Newport's bus terminal and Newport train station are within a 2 minute and 5 minute walk.
Newport is located approximately 40 kilometres (22 miles) northeast of Cardiff, 40 kilometres (25 miles) north-west of Bristol and 217 kilometres (136 miles) west of London. The location benefits from easy accessible communication with the M4 which gains access to Swansea (west) and the Severn Bridge leading to Bristol (east).
Planning Permission
Planning has been granted for PROPOSED CONVERSION OF FIRST, SECOND AND THIRD FLOORS, LOFT CONVERSION AND EXTENSION OF ROOF SPACE TO FORM 16 NO. FLATS. Further information can be found via Newport City council, planning reference 24/0010.
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
| 31 Commercial Street First Floor | Offices | 806 | 74.88 |
| Second Floor | Offices | 574 | 53.33 |
| Third Floor | Offices | 374 | 34.75 |
| 32/33 Commercial Street First Floor | Offices | 591 | 54.91 |
| Second Floor | Offices | 605 | 56.21 |
| Third Floor | Offices | 400 | 37.16 |
| 33/34 Commercial Street First Floor | Offices-Front | 1,411 | 131.1 |
| Second Floor | Offices-Front | 1,436 | 133.4 |
| Third Floor | Offices-Front | 986 | 91.6 |
Tenure:
Advised Leasehold - to be verified by solicitor
Approx. 996 years left
Tenancies:
To be sold with vacant possession
Brochures
Uppers Floor 31-34 Commercial Street, Newport, NP20 1RL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newport (S. Wales) Station0.2 miles
- Pye Corner Station2.0 miles
- Rogerstone Station3.2 miles
About Paul Fosh Commercial, South Wales
108 Lower Dock Street, Newport, NP20 2AG
Residential and commercial property auctioneers servicing Wales, the South West and surrounding areas.
Notes
Disclaimer - Property reference 252998. 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.”
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