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Stow Hill, Newport NP20 Semi detached house for sale
Baneswell Social Club, 58 Stow Hill, Newport, Gwent, NP20 1JG
£225,000
Baneswell Social Club, 58 Stow Hill, Newport, Gwent, NP20 1JG
£225,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 4th February 2025 at 04:21 PM with registration through our website
- Former social club occupying a prominent corner position within close proximity to the centre of Newport with planning permission granted for 13 1 & 2 bedroom apartments
- In 2023 full planning permission was granted for conversion of the existing building and construction of an extension to form 13no: Residential units (3no
- 1 beds) Planning ref: 23/0639
- 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 property, a former social club, is up for sale by public auction on February 4th, 2025, and is located in the popular Baneswell area of Newport, close to the city center and railway station. The three-story building, with a total site area of approximately 280m2, has been granted planning permission to convert the existing structure and build an extension to create 13 residential units, consisting of 3 two-bedroom and 10 one-bedroom apartments. The property has a prominent corner position and is situated amongst established traditional housing. The sale is being conducted on a freehold basis, and the buyer will be required to pay a buyer's premium of 1.2% with a minimum of £1,200 (inc VAT) payable on exchange of contracts. The property is being sold subject to a Reserve Price, which is within + or - 10% of the Guide Price, and both the Guide Price and Reserve Price can be subject to change up to and including the day of the auction. Viewings are available by appointment with Seel and Co.