Four storey landmark Grade II listed former Wildings department store in the centre of Newport's pedestrianised centre with planning permission granted for two commercial units and 20 apartments to the upper floors (Ref - 21/0149)
The property has been empty for a number of years but appears to be in relatively good condition considering this, we will be adding further photographs, floorplans and hopefully a full 3D VR tour if possible.
Please see the plans attached but we would recommend you consult Newport City Council's planning portal for the full planning history (Ref 21/0149).
Commercial Street is the long-standing pedestrianised retail centre of Newport with a range of local and national operator nearby such as Waterstones, Boots and Primark. The redeveloped Newport Market and Friars Walk shopping centre are both within a few minutes walk.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions or Linnells (01633) 212266
Buyer's Premium - 1.20% with a minimum of £1,200 (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.
Auctioneers Office: Seel and Co (029) 2037 0117 / Joint Agents: Linnells (01633) 212266
FOR SALE BY PUBLIC AUCTION on Tuesday, 4 February 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 3 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 4 February 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
