Newport commercial property and flat up for auction
The auction is powered by iamsold LTD, with a starting bid of £155,000.
The auction is set to end on Wednesday, June 11, at 4pm.
The property will only be sold if it meets the reserve price of £170,000, plus a reservation fee.
The Modern Method of Auction implies that the buyer and seller must complete the transaction within 56 days, known as the "Reservation Period".
Buyers interested in purchasing with a mortgage are advised to thoroughly inspect the property and consult with their lender before placing a bid.
The estate agent said: "This property presents a fantastic investment opportunity, offering both a commercial space on the ground floor and a self-contained flat above.
"Located in a prime area with excellent foot traffic, this mixed-use building is perfect for those seeking to combine business and residential elements."
The ground floor of the property features a bright and spacious shop front with ample display area.
It has direct access to a functional kitchen area and a cloakroom, providing convenience for both staff and customers.
At the rear of the commercial area, there is access to a ground floor storage room, as well as a basement-level storage area, which could be used for inventory, equipment, or additional business operations.
The first-floor apartment is accessible via a separate street entrance, ensuring privacy and independence from the commercial space below.
The apartment is well-appointed with one double bedroom, a spacious living area, and a fully equipped kitchen.
The bathroom is described as modern and practical, providing comfort for daily living.
The property is offered with no onward chain, making it an attractive choice for investors or those looking to secure a combined business and living space in a convenient location.
The separate entrance to the flat adds an extra layer of privacy for tenants or owners.
The estate agent added: "Whether you're looking to run your business from the ground floor while enjoying the flat above, or rent out both spaces for additional income, this property offers numerous possibilities.
"An excellent opportunity to generate a strong return on investment, this property must be viewed to appreciate its full potential."
Interested parties should note that a Buyer Information Pack is provided, and the successful buyer will be required to pay £349 including VAT for this pack.
The buyer will also need to sign a Reservation Agreement and make a non-refundable payment of a Reservation Fee of 4.50 per cent of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
All services and mains water are connected to the property, and the council tax is listed as Band B.
The property's EPC rating is D.
For more information or to arrange a viewing, potential buyers are encouraged to contact Number One Real Estate.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Record
4 days ago
- Daily Record
Amey relocates to Maxim Park in Motherwell
Previously based at Precision House, the first-ever speculative office building in Eurocentral, Amey will move into a new 11,627 sq. ft office. Amey, one of the UK's leading transport infrastructure and complex facilities engineers, has relocated to Maxim Park in Motherwell. Previously based at Precision House, the first-ever speculative office building in Eurocentral, Amey will move into a new 11,627 sq. ft office. This relocation strengthens Amey's operations and reinforces its commitment to "modern, high-quality workspaces designed to meet evolving business needs". The new Maxim Park 2 office features a contemporary fit-out to enhance collaboration and efficiency for Amey's teams. Aligned with Amey's sustainability goals, the space is built with energy efficiency in mind, featuring LED lighting and achieving an impressive EPC rating of A (score of seven). This not only reduces environmental impact but also optimizes operational workflow. Serving as Amey's Scotland hub, the new space will support critical improvements across Scotland's road and rail infrastructure. This move is driven by the company's expansion and significant growth across its Scottish operations, reflecting rising demand for its expertise in sustainable infrastructure solutions. Richard Egan, business director at Amey, said: "Our relocation to Maxim Park marks an exciting new chapter for Amey in Scotland. "This move reflects our commitment to delivering high-quality infrastructure solutions while supporting our growing operations across the region. "Beyond its strategic location and modern facilities, Maxim Park provides a comfortable, collaborative, and sustainable workspace that enables our team to work more efficiently and creatively. Investing in a high-quality environment ensures our people have the best resources to continue driving improvements across Scotland's critical road and rail networks." Caroline Baillie, director of park services at Maxim Park, added: "Maxim is currently 70 per cent let, bucking the trend and reflecting strong demand for high-quality space in between Glasgow and Edinburgh. "A high occupancy rate indicates a thriving business environment and sustained interest from a diverse range of tenants. "It's great that Amey has chosen to relocate in Maxim joining other corporate firms and growing occupiers. "With only 30 per cent of space remaining available, Maxim Park presents a prime opportunity for new occupants to join a vibrant and dynamic business community. "The strong uptake also underscores our strategic location, modern amenities and services, and our leasing terms." Andy Cunningham of MC2 said: "Maxim 2 has launched on a strong footing following this significant letting to Amey and building momentum across the site. "With good occupancy already achieved and 70 per cent of the space let, Maxim 2 is seeing strong interest from a range of prospective tenants. "This early success highlights the appeal of the location, high-quality facilities, and the confidence businesses have in joining this vibrant community." BNP Paribas Real Estate acted for Amey and MC2 acted for Maxim Park in the deal. And did you know Lanarkshire Live had its own app? Download yours for free here.
BBC News
5 days ago
- BBC News
Sheffield landlady says energy efficiency is a 'win-win' for owners
A landlady has urged others to follow her lead in making their properties more energy efficient ahead of new government requirements, saying improvements were a "win-win" for landlady Mahara Haque is retrofitting two houses in anticipation of the government's Warm Homes scheme would require existing rental properties to have a minimum Energy Performance Certificate (EPC) rating of C or above by 2030 - currently, they only need a rating of Haque is being backed by the South Yorkshire Mayoral Combined Authority (SYMCA) to get a head start, and said doing her bit to protect the environment was her "key driver". The SYMCA-led project Let Zero, which works alongside landlords to retrofit their properties, was allocated £2.4m in funding last Haque joined its pilot scheme to support energy-saving renovations in 200 homes across South rental houses were being installed with wood fibre insulation so they would retain more heat, as well as an air-source heat pump and solar panels to generate sustainable energy."We all know the impact that carbon has on our planet - that's a key driver for me," she said."Also, 40% of our tenants are from vulnerable backgrounds and are struggling with the cost of energy, so if we can implement ways which can help them with their bills, it's a win-win." Let Zero project manager Malcom Ramsay said 60% of private rental properties in the region would currently fail to meet the proposed EPC C said many landlords were not aware of the financial support they were eligible for, and estimated only a fifth of grants in the sector were being he added the project was not just about offering help to landlords, but reducing bills and improving conditions for tenants."We know that about 23% of people in the private rented sector here are living in fuel poverty, meaning they can't afford to pay their heating bills."They're living in homes that are too cold for them, and it affects not only their health and wellbeing, but it could lead to problems in the house itself like damp and mould - which can have a bad effect on their health in its own right."From October, under Awaab's Law, social landlords - generally the local council or a housing association - will need to investigate and fix damp and mould in social housing in England within strict will also be required to repair all emergency hazards within 24 under the Renters' Rights Bill, owners of private rentals could be made to comply by these requirements as Ramsay said: "We're trying to give them the information and the tools to make the right decisions about their properties, to help them reach the new standards." Listen to highlights from South Yorkshire on BBC Sounds or catch up with the latest episode of Look North.
Wales Online
7 days ago
- Wales Online
Council might have to spend £65,000 on every single one of its homes
Council might have to spend £65,000 on every single one of its homes It's an estimate at this stage but upgrading the housing stock won't be cheap Council flats at Swansea's Griffith John Street, where significant investment is planned (Image: Wales Online ) Swansea Council may have to spend an average of £65,000 on every one one of its houses, flats and bungalows to meet a new housing standard, a meeting heard. Cllr Andrea Lewis, deputy leader of the authority, said that without additional Welsh Government money it will be "difficult if not impossible" to achieve. Swansea is one of several councils which have retained their housing stock, and it has previously spent more than £500 million years to comply with a Wales-wide quality standard for social housing. This resulted in things like new kitchens, bathrooms, boilers and insulation upgrades for its homes, improving life for tenants. A new housing quality standard has been developed by the Welsh Government, which includes high energy efficiency ratings coupled with minimal environmental impacts. The idea is to decarbonise social housing - reducing Wales' greenhouse gas emissions - by further upgrading insulation, adding solar panels and replacing gas boilers with heat pumps, for example. The Welsh Government said social housing would be comfortable, affordable to heat and safe as a result. Never miss a Swansea story by signing up to our newsletter here A report before the council's cabinet said every property will need a report capturing their existing energy efficiency rating, called a targeted energy pathway. These targeted energy pathways will help shape which upgrades are needed. Cllr Lewis said achieving the new standard was now estimated to cost the authority £900 million. Given that there are just over 13,800 council flats, houses and bungalows, this works out roughly as £65,000 per property, although some will need more work than others. Article continues below Energy efficient council bungalows in West Cross (Image: Richard Youle ) Four years ago, a council report estimated that decarbonising the housing stock could cost around £350 million - a year later another council report put it at £750 million. "Essentially we support the Welsh Government's ambition to improve the quality of our (housing) stock in terms of energy efficiency for the benefit of our tenants, but without additional further funding this will be difficult if not impossible to carry out," said Cllr Lewis. Cabinet went on to approve a policy setting out how it intended to meet and monitor the new housing standard, which it will submit to the Welsh Government, at the June 26 meeting. The council will need to produce the targeted energy pathways for properties by the end of March 2027, and ensure all homes meet a certain energy efficiency standard - the equivalent of an Energy Performance Certificate (EPC) C rating - three years later. EPC ratings go from A, the highest, to G, the lowest. Full compliance with the housing standard is 2034, and by then the council's stock needs to meet a higher environmental target - the equivalent of an EPC A rating. Councils use tenants' rents, borrowed money and Welsh Government grants to upgrade their housing, not council tax. Council leader Rob Stewart said it aimed to meet the new standard but that he didn't think any local authority would be able to do so without external help. Cardiff Council has estimated it would cost £866 million to achieve it. There is also the question of finding enough skilled contractors to carry out the work. The Welsh Government said Swansea Council was allocated £14 million last year to help repair, upgrade and retrofit its properties, and that its grants alone were never intended to fund full compliance with the standard. It said it has offered to support the social housing sector investigate market solutions. Article continues below It added: "Last year, we committed a record £256 million on improving the quality of social homes in Wales, including their energy efficiency, through a mixture of grants and low interest loans available to local authorities and social landlords."
