173 Commercial Street, Newport, NP20 1JN

ONLINE AUCTION from 12th APRIL-14th APRIL A mid terrace commercial building situated in a prime location on Commercial Street in the centre of Newport. The property occupies 100% prime position in the pedestrianised main retailing area. There are a number of independent and National retailers within close proximity including Sports Direct, Card Factory and The Works. The property also benefits from being located within close proximity to Friars Walk shopping centre and Newport railway station. The property comprises a ground floor retail unit with a store room to the rear, first floor storage and significant basement accommodation. The accommodation totals approximately 4753 sq.ft. The property is being sold with vacant possession but has previously been let to the jewellers H. Samuel. PLEASE NOTE THAT THE VENDOR IS SELLING THIS PROPERTY AS PART OF A PORTFOLIO . THEREFORE IF ANY OF THE FOLLOWING LOTS SELL, 27, 29, 32 & 33 THEN THIS LOT MAY BE WITHDRAWN EVEN IF BIDDING HAS COMMENCED, THE RESERVE HAS BEEN MET OR BIDDING HAS NOT YET CLOSED. Accommodation Floor Description Area Sq Ft Area Sq M Ground Floor Retail unit with a store room to the rear 1,345 124.93 First Floor Storage and significant basement accommodation 136 12.68 Basement Storage space 3,272 303.97 Total 4,753 441.58 Tenancies To be sold with vacant possession Tenure Long leasehold interest - 999 years from 29th September 2004 Auction Fees And Additional Costs Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated. Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details. * Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.