House for sale, 559 m²

Newport

2 bathrooms

174.992 €

313 €/m²

Listed Jun 12, 2026

About this listing

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 15th September 2026 at 04:21 PM with registration through our website. Large retail premises on the main shopping street of Newport, extending to over 6000sqft (559sqm), let to a long standing tenant and currently providing an income of £19,000pa representing and an initial gross yield in excess of 12%. Rear parking area. Description Large retail premises on the main shopping street of Newport, extending to over 6000sqft (559sqm), let to a long standing tenant and currently providing an income of £19,000pa representing and an initial gross yield in excess of 12%. Rear parking area. The entire building commercial space is currently let to a charity shop and briefly comprises a ground floor retail area with changing rooms, stores, office and WC. Upstairs is a large double height storage area. There is also a rear loading bay and parking for approximately 8 cars. The building is situated on Commercial Street in Newport and is conveniently located just beyond the pedestrianised section. The construction of the front section of the building appears to of brick construction with sash windows to the upper floors. There also appears to be a first and second floor to this section which we have not accessed as is boarded over. The rear of the property appears to be of a more modern construction with a steel portal construction and metal roof. Commercial Street is the main retail hub of Newport and has seen much investment in recent years, particularly to the nearby Friars Walk shopping centre. The building is ideally located next to the planned public square that is planned with the demolition of the neighbouring properties to redevelop the Kingsway shopping centre. Please refer to the legal pack for further details and confirmation of all tenancies and tenure. Accommodation GF - Main retail area, office, staff room, WC, changing rooms FF - Storage area Front FF & SF - Not inspected. OS - Rear loading bay and parking for 8 cars. Informed Freehold please refer to legal pack for verification of tenure Additional Fees Buyer’s Premium – 1.5% with a minimum of 1,500.00 (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 Auctions Viewing Viewing by appointment with Seel Auctions

What's included

Parking

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Listed on

Rightmove