Large retail premises on the main shopping street of Newport, extending to over 6000sqft (559sqm), let to a long standing tenant and currently providing an income of £19,000pa representing and an initial gross yield in excess of 12%. Rear parking area.
The entire building commercial space is currently let to a charity shop and briefly comprises a ground floor retail area with changing rooms, stores, office and WC. Upstairs is a large double height storage area. The building is situated on Commercial Street in Newport and is conveniently located just beyond the pedestrianised section.
The construction of the front section of the building appears to of brick construction with sash windows to the upper floors. There also appears to be a first and second floor to this section which we have not accessed as is boarded over. The rear of the property appears to be of a more modern construction with a steel portal construction and metal roof.
There is also a rear loading bay and parking for approximately 8 cars.
Please refer to the legal pack for further details and confirmation of all tenancies and tenure.
GF - Main retail area, office, staff room, WC, changing rooms
FF - Storage area
Front FF & SF - Not inspected.
OS - Rear loading bay and parking for 8 cars.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel Auctions – www.seelauctions.co.uk
Buyer's Premium - 1.50% with a minimum of £1,500 (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 Auctions (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 7 July 2026 online via the Seel Auctions website. Bidding will commence from midday on Monday, 6 July and conclude in order from Lot 1 at 4:00 pm on Tuesday, 7 July 2026
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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.
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