LOT 14 · COMMERCIAL PROPERTY
141 High Street
Blackwood, NP12 1AB
Property 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
Accommodation
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
Location
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).
Tenure
Leasehold 999 years from 25th December 2006 at a peppercorn ground rent.
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 14.3%
- Net yield
- 14.3%
- Annual income
- £15,756
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
Additional Fees & Important Information — Swift Property Auctions
Buyer's Premium & Disbursements
Some lots may include additional charges on completion. Full details are contained within the legal pack and addendum and should be reviewed before bidding.
Guide & Reserve Prices
Guide prices reflect the seller's minimum expectation at the time of listing. They are not valuations and may change prior to auction. All lots are offered subject to a Reserve Price, being the minimum the seller has authorised a sale at.
Administration Fee
A fee of £1,800 (including VAT) is payable on exchange, unless stated otherwise in the addendum.
Available Prices (Post-Auction)
Where a property remains unsold, an Available Price may be advertised. This reflects the seller's expectations post-auction and is subject to contract.
Reliance on Guide Prices
Swift Property Auctions and the seller accept no responsibility for any loss arising from reliance on Guide Prices. It is the bidder's responsibility to determine the level at which they wish to bid.
Fees, VAT & Additional Charges
Guide Prices exclude the buyer's fee, VAT (if applicable), and any seller's costs. These are detailed within the Special Conditions of Sale.
Accuracy & Property Condition
Particulars, images and measurements are for guidance only and may change. No warranty is given as to condition or structure. Buyers should make their own enquiries and obtain professional advice before bidding.
Withdrawn or Pre-Sold Lots
Neither Swift Property Auctions nor the seller will be liable for costs or losses relating to lots withdrawn or sold prior to auction.
PROPERTY ENQUIRY
Speak with our auction team.
Ask about 141 High Street, arrange a viewing or discuss your next steps.