An historic and renovated four storey former docks building is set to come up for sale at auction.
The refurbished property, at 114 Lower Dock Street, Newport, is at the heart of the former dockland area which has itself been completely transformed in recent years.
Listed with a guide price of £296,000-plus the property is being sold by Newport-based Paul Fosh Auctions.
Specialist commercial property expert, Debra Bisley, of Paul Fosh Auctions, said:
“What is particularly attractive about this lot is that the reputable tenants have just signed a new two-year lease for the property. The tenants are paying a rental of £32,000 per year. That rent is paid two yearly in advance and will be apportioned and paid to the purchaser on the point of completion.
“The prominent property, close to Newport’s iconic George Street Bridge, comprises of four storeys, including basement.”
The former dockland property, along with 90 other lots, are being sold online by Paul Fosh Auctions in a sale which starts at 12 noon on Tuesday, April 15 and ends from 5pm on Thursday, April 17.
