Caerleon Road, Newport NP19 2 bed terraced house for sale

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Caerleon Road, Newport NP19 2 bed terraced house for sale

167 Caerleon Road, Newport, NP19 7FX
£150,000

Our Summary

  • FOR SALE BY PUBLIC AUCTION: The auction will take place online on 16th September 2025 at 04:36 PM with registration through our website
  • The flat above is let to a long standing tenant at £575pcm and is reasonable order and there may be some potential for rental improvement here in our opinion
  • 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
  • Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction

Description

This two-storey investment property in Newport's busy retail area offers a unique opportunity to own a shop and a two-bedroom apartment above. The shop is operated as part of a well-established sports shop and has a five-year lease extension agreed at £14,000 per annum. The apartment above is let to a long-standing tenant at £575 per month and has a large garden accessible from the flat. The property is located in the popular St Julian's area, just 2 miles east of the city center, with a mix of local and national occupiers nearby. The property is being sold as an informed freehold, and the buyer will need to pay a buyer's premium of 1.2% with a minimum of £1,200 (inc VAT) payable on exchange of contracts. The guide price is £145,000, and the reserve price will be within + or - 10% of this. Viewings can be arranged by appointment with the auctioneers, Seel and Co.