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This property is no longer on the market
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Floorplan
Map34 bedroom semi-detached house
Auction
Semi-detached house
34 beds
36 baths
Key information
Features and description
FOR SALE BY PUBLIC AUCTION: The auction will take place online on 22nd November 2024 at 12:00 PM with registration through our website.
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
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
About this agent
Welcome to different Established in 1898, we are one of the largest independent property specialists, estate agents and chartered surveyors in Cardiff and South Wales. Our family run business is built on traditional values delivered with a modern approach and great service. Whether you are a seller or buyer, renting or a landlord, leasehold owner or management company we offer all the advice and services you could need under one roof. We like to think that, for property in Cardiff and across South Wales, it must be Seel & Co.