Residential development for sale

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Residential development for sale

Commercial Street, Newport NP20
£450,000

Our Summary

  • We are pleased to offer this large property which has the opportunity for both commercial and residential development, subject to planning
  • FOR SALE BY ONLINE AUCTION 24TH APRIL 2024 – All bidders must register beforehand
  • The site has had residential development planning granted for 8 apartments - (NOW LAPSED)First floor - 2 x two bed apartmentSecond floor - 1 x one bed apartment and 2 x two bed apartmentsThird floor - 3 x two bed apartmentsFormer public house situated in a high street location with access to local amenities and public services
  • Chance to have a spacious ground floor/lower ground floor retail unit with potential to convert the upstairs subject to renewed planning application
  • They are not necessarily figures which a property will sell for and may change at any time prior to the auction
  • Each 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
  • Consumer Protection Regulations 2008Auction Property Ltd endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract
  • All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack
  • Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale

Description

This large property offers a unique opportunity for both commercial and residential development, subject to planning. The site has previously been granted residential development planning for 8 apartments, although the planning permission has now lapsed. The property features a former public house in a prime corner location, with the potential to convert the upper floors subject to renewed planning application. The ground floor/lower ground floor retail unit offers a spacious space with potential for commercial use. Additional fees may apply, and the property details and plans are for identification purposes only. The seller does not make any representations or give any warranties regarding the property, and the buyer should rely on their own inspections and due diligence.
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