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A former supermarket building which was once earmarked for a major redevelopment has been sold at auction for £125,000.

Part of the old Somerfield building at Blackwood’s Market Place could now be turned into flats, according to Paul Fosh Auctions, which sold the 13,500 sq ft site.

However, it is understood no planning applications have been submitted to the council at this stage.

The leasehold for the former supermarket, which closed in 2007, was originally listed at a starting price of £100,000.

According to the auctioneers, four “eager” bidders were looking to secure the unit with 22 bids in total.

Debra Bisley, who was handling the sale for Newport-based Paul Fosh Auctions, said: “The versatile space offers excellent development potential, with pre-drafted architect’s plans for conversion into 20 to 25 residential flats alongside a 4,500 sq ft retail unit ideal for a flagship shop, café or leisure space.

“There are also architects’ plans showing the potential for development of 47 flats on the site.”

Part of the site was redeveloped into a gym after planning permission was approved by Caerphilly Borough Council back in 2017 and this is unaffected.

There was also a planning application submitted in 2019 to redevelop the site into 47 flats and an artisan market.

Private developers Faro Capital were behind the redevelopment, but backed out of the scheme in 2021.