Lot Details

141 High Street, Blackwood, NP12 1AB

Guide Price*
£110,000+

  • Virtual Freehold Commercial Investment Producing £15,750 Per Annum

Description

The property comprises a ground floor shop situated within an end of terrace building with separate rear access to a basement store. The property also has separate front access to an Ancillary Area on the first floor. The entire property is let on a full repairing and insuring lease to EE Limited from 24th October 2019 to 23rd January 2025 at a passing rent of £15,750 Per Annum

Basement Area Approx. 115 sq ft

Ground Floor Shop
Internal Width 15'11”
Shop & Built Depth 45'8”
Rear Store Area Approx. 105 sq ft

First Floor
First Floor Ancillary Area Approx. 325 sq ft plus WC

Located in the heart of this bustling town near Bon Marche, the property is set on a prominent high street close to local shops and amenities diagonally opposite an entrance to The Market Place Shopping Centre. A public car park is situated at the rear of the property. Blackwood is positioned on the A4048, approximately 10 miles northwest of Newport, 12 miles north of Cardiff, and 9 miles north of the M4 (Junction 28).
Leasehold 999 years from 25th December 2006 at a peppercorn ground rent.

Accommodation/Tenancy

Floor Accommodation Tenancy Current Annual Rent
Ground Commercial 23/10/2024 £15750

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Agreement Documents

Additional Documents

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An administration charge of £1,500 (including VAT) applies unless otherwise stated in the addendum. The legal pack and addendum contain details on any additional buyer's premium and disbursements that may be payable upon completion. *Starting price estimates ("guides") are subject to change before the auction. These are not guaranteed selling prices. Each property has a reserve price, the minimum acceptable selling amount, which we expect to be within the guide range or up to 10% above.

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While these particulars are provided in good faith, they don't constitute factual representations or form part of any offer or contract. Prospective buyers or tenants should independently verify all information mentioned here. Furthermore, neither Swift Property Auctions nor its employees or agents hold any authority to make any guarantees or warranties regarding this property.

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