Summary - 1, Frolic Street, NEWTOWN SY16 1AP
2 bed 1 bath Commercial Property
Two-storey income unit with parking and short-lease considerations.
Off-street parking for 4–6 small/medium cars
Two paying tenants in situ — immediate rental income
Leasehold with c.80 years remaining — lender caution likely
To be sold at auction 10 Dec 2025; guide price £70,000 plus VAT
Buyer’s Premium and VAT apply — additional purchase costs
Very high local crime rate and very deprived area
Single boiler and shared electric supply; basic fittings throughout
Fast broadband and excellent mobile signal
This two-storey corner commercial building in Newtown is presented as an income-producing lot at auction with a guide price of £70,000 plus VAT. The property is currently sub-divided into multiple ground- and first-floor rooms and benefits from a forecourt providing off-street parking for several small-to-medium vehicles. Two paying tenants are stated to be in situ, offering immediate rental income for a buyer seeking a tenant-held investment.
Important practical facts are clear: the property is leasehold with around 80 years remaining and will be sold at auction on 10th December 2025. Mortgage lenders can be reluctant to lend on limited-remaining-lease commercial interests, so purchasers should plan for cash purchase or confirm lender acceptance beforehand. The sale is subject to VAT and an applicable buyer’s premium, which add to acquisition costs.
Internally the building has basic fittings, a single gas boiler serving both floors, and mixed floor finishes. The layout is straightforward to reconfigure for continued office or retail use, or to rationalise rooming for a more efficient letting plan. Business rates are noted (ground floor c. £2,500 pa; first floor c. £3,000 pa) — buyers must verify exact liabilities.
Location strengths include town-centre accessibility, fast broadband and excellent mobile signal, making the units practical for modern small businesses. Material negatives include a very high local crime rate, very high area deprivation and a short-ish lease term; these will affect tenant mix, rental value and mortgageability. Interested buyers should review legal pack, tenancy details and carry out a site inspection and financial due diligence before bidding.
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