Two storey office investment property in the centre of Newport let for £12,000 per annum representing an Initial Gross Yield of 12%. Planning awarded for conversion to a 5 bed HMO. The building is a former school house and appears to be of brick and stone construction under a pitched tile roof. The internal accommodation appears to be in good order and briefly comprises two offices on the ground floor with kitchen and WC facilities with three offices and a shower room on the first floor. There is also a large enclosed rear yard. The property also benefits from full planning approval to convert to a five bedroom HMO property with off-street parking. Please consult Newport City Council's planning portal for further details, reference 23/0342. Accommodation GF: Entrance hall, two offices, kitchen, storage, lobby, WC FF: Three offices, shower room OS: Enclosed rear yard. Tenure Informed Freehold – please refer to legal pack for verification of tenure Viewing Viewing by appointment with Seel and Co – www.seelandco.com/auctions Additional Fees Buyer's Premium -
1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion. Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. Further Information Auctioneers Office, Seel and Co (029) 2037 0117 Auction Details FOR SALE BY PUBLIC AUCTION on Tuesday, 8 December 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 8 December and conclude in order from Lot 1 at 4:00 pm on Tuesday, 9 December 2025