Description

Landmark building in the heart of Newport with planning permission granted in 2021 for extension and conversion to 12 apartments. We have attached some basic plans online but please consult Newport City council planning portal online for full details - reference 19/0095.

The building itself appears to be of brick/stone construction with stone/rendered elevations and has had a variety of uses in its lifetime from a sock factory to stores and offices. The building is laid out to reflect its past with large open plan areas to each floor.

Lower Dock Street is situated just to the South of Newport City centre and within easy reach of the Friars walk development and the recently rejuvenated Newport market.

Accommodation

Accommodation
GF - Five rooms of various size
FF - Five rooms, 2 x WC
SF - Open-plan room.

Tenure

Presumed Freehold – please refer to legal pack for verification of tenure

Viewing

VR tour online and viewing by appointment with Seel and Co (029) 2037 0117

Additional Fees

Buyers Premium – 1% with a minimum of £1,000 (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.

Further Information

Auctioneers Office, Seel and Co (029) 2037 0117

Auction Details

FOR SALE BY PUBLIC AUCTION on 5 July 2022 online via the Seel and Co website. Bidding will commence from midday on Monday, 4 July and conclude in order from Lot 1 at 4:00 pm on Tuesday, 5 July 2022