Auction Property Commercial 

75-77 High Street, Blackwood

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Features

  • Auction date: 21st & 22nd August 2019
  • Approximately 1,162.2 Sq m (12,510 Sq ft)
  • Freehold with vacant possession
  • Prominent town centre location
  • Substantial four storey retail/office property
  • Previously occupied by Job Centre
  • Enclosed rear car park with 10 spaces
  • Good condition
  • Potential for residential conversion (subject to planning)
  • Excellent transport links

Address

Newbridge House 75-77 High StreetBlackwoodCaerphillyNP12 1YY
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Floorplans
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Property Details

•For Sale By Online Auction – 21st & 22nd August 2019
•Guide Price: £295,000+
•Town Centre Commercial/Development Opportunity
•Potential for residential conversion (subject to planning)
•Freehold with Vacant Possession

A substantial four storey property occupying a prominent town centre location on High Street, Blackwood. The property was previously used as a Job Centre and internally benefits from a mixture of open plan and cellular office content with WC facilities on ground, first and second floors. There are staircases at either end of the building enabling the building to be let on a floor by floor basis. Externally, there is an enclosed yard to the rear providing 10 parking spaces.

The property offers potential to convert the upper floors and rear of the ground and lower ground floors to residential (subject to the necessary planning consents). Plans have been prepared illustrating a scheme providing 16 residential apartments and two ground floor retail units.

The property is situated on High Street in the heart of the town centre of Blackwood fronting its junction with Pentwyn Road. The popular Blackwood Retail Park is situated to the rear of the property. Nearby occupiers include Asda Superstore, McDonalds, Subway, J D Wetherspoon, Argos and B&M Store.

Accommodation

Lower ground floor: 273.1 Sq m (2,940 Sq ft)
Ground floor: 303.3 Sq m (3,265 Sq ft)
First floor: 301.0 Sq m (3,240 Sq ft)
Second floor: 284.7 Sq m (3,065 Sq ft)

Total NIA: 1,162.1 Sq m (12,510 Sq ft)

Services

We understand the property to have mains electricity, gas, water and drainage. However, interested parties are advised to make their own enquires.

Tenure

Freehold

Investment Analysis

The property provides flexible options with the potential to convert the upper floors and rear of the ground and lower ground floors to residential (subject to the necessary planning consents).

Business Rates

The property has a ratable value of £65,000 per annum. Rates payable (2019/20) is approximately £34,190

Guide Price

£295,000+

VAT

We have been advised that VAT is payable.

Buyers Premium

2% (min. £3,600) inc. VAT

Viewing

Viewings are by appointment only. Please contact one of our agents on 0115 970 6060 or email property@johnpye.co.uk

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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•£0 Entry Fee

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