34 bedroom semi-detached house for sale
Key information
Property description & features
- Tenure: Freehold
POSTPONED TO FRIDAY 22nd NOVEMBER - By Formal tender - 2 x Four storey vacant buildings briefly comprising a mix of commercial space, an A3 unit, office space and a total of 34 studio and one bedroom apartments.
Description
POSTPONED TO FRIDAY 22nd NOVEMBER. By Formal tender. (See further details below).
This is a unique opportunity to acquire 34 flats (split between two units along the street from each other on Clarence place) with two separate commercial units (One A3 former restaurant). There is also further office/kitchen and dining space to the ground floor of 20/22/24.
The vacant buildings are located on Clarence Place in Newport and just on the outskirts of the city centre and only around 0.25 miles from the recently regenerated Newport Market and Friars Walk. Both properties comprise three former individual buildings that have been combined into two extensive single units and briefly comprise;
20/22/24 Clarence Place - The ground floor comprises various offices, a reception area, modern kitchen and dining area. There is also a former staff bedroom to this floor as well as laundry, disabled and standard WC facilities. Upstairs are a mix of 19 en-suite studio and one bedroom apartments in varying states of repair spread over three floors with some further communal areas. All have a kitchen and bath/shower room. There is also a rear yard which could provide some parking. Please see the full 3D VR tour of this building on our website.
30/32/34 Clarence Place - The ground floor of this property is separated into two commercial units. 30/32 is a large empty commercial unit with a shop front facing Clarence place which could be suitable for a variety of uses, subject to consents. 34 Clarence Place is an A3 unit, formerly operated a popular restaurant, "Curry on the Curve". The three floors above are a mix of 16 en-suite studio and one bedroom apartments in varying states of repair spread over three floors. All have a kitchen and bath/shower room. There is also a rear yard which could provide some parking. Please see the full 3D VR tour of this building once available.
We will be adding further pictures, VR tours, floorplans and drone imagery in the coming days.
The sale process will allow for an 8 week (approx.) period for interested parties to view the property and consider the legal pack which will be available soon through our website. Interested parties are invited to register through our office on[use Contact Agent Button] or [use Contact Agent Button] to be informed of viewing times, the legal pack and any further information as it comes to us such as floorplans.
(NB - See addendum - The following timeline has changed since original advertising.) We will be inviting bids by Formal tender in excess of £750,000 by 5pm on Friday 22nd November 2024. The vendors (Pobl Goup Ltd) are also requesting information with the bid on the future plans for the buildings, the history of each buyer or their company and other developments or properties owned and operated by the bidder that may give some context to the bid. Pobl Group Ltd will then make the successful bidder aware of their decision by 5pm on Friday 6th December.
The sale will be ultimately actioned by an auction style contract with exchange by Friday 13th December with completion in 90 days or earlier by mutual consent. Further details and confirmation of this will be within the legal pack once available.
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – with a minimum of (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[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 271660. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Seel & Co Auctions - Cardiff.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 20, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.