The property, 114 Lower Dock Street, is being offered for sale with a guide price of £296,000-plus by Newport-based Paul Fosh Auctions.
The building is reportedly an appealing prospect for investors seeking an immediate return on their investment.
Specialist commercial property expert, Debra Bisley, of Paul Fosh Auctions, noted the property’s potential, highlighting the security offered by the current tenants.
She 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 structure of the building includes a basement, with the ground, first, and second floors each housing offices complete with a kitchenette, toilets, and a boiler.
A separate meter serves each floor, providing additional convenience for tenants.
The extensive refurbishment process, which cost more than £500,000, was carried out in 2007 and included electrical installations, plumbing, gas, roof, floors, render, hardwood windows, service fire alarm, emergency lighting, and stairs.
The property is also going through a full exterior repaint.
A large garage with an electric roller shutter door and a good-sized car park can be found at the rear of the building.
The property is located in the heart of Newport, a short walk from the city centre.
It benefits from excellent transport links and is within easy reach of Newport bus station, train station, and the M4.
The former dockland property, along with some 90 other lots, are being sold online by Paul Fosh Auctions in a sale starting at 12 noon on Tuesday, April 15.