Situated at the Carisbrooke end of Newport town centre, this three-storey freehold building presents an excellent opportunity so those seeking a mixed residential and commercial investment opportunity. The ground floor commercial space which extends almost to the very back of the plot offers scope and potential perhaps for a niche retailer, enjoying a separate self-contained access from the inner lobby there is a two bedroom residential flat on the upper floors which is at present let under the terms of an Assured Shorthold Tenancy Agreement.
Commercial Ground Floor Main retail space and store areas, rear kitchen and cloakroom with W.C.
EPC Rating E (123). Total Floor Area 57 sq.m.
Residential First Floor Landing, bathroom with W.C., kitchen and living room.
Second Floor Two bedrooms.
Outside Courtyard to the rear.
Tenancy The flat is let under the terms of an Assured Shorthold Tenancy Agreement for a term of 12 months from 30th August 2025 at a current rental of 875 per calendar month.
EPC Rating E
Council Tax Band A
Auctioneer's Note Please note that the photographs are library images and interested applicants should rely on their own investigations to verify the information provided.
Residential EPC: E
Commercial EPC: E
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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