A DERELICT building is set to go under the hammer for a third time.

The Cinotti brothers own the derelict Rothbury House, in Stow Park Circle, Newport and had hoped to turn it into a boutique hotel.

But the building is now set to be auctioned next month, with a guide price of £250,000 to £350,000.

Co-owner Pasquale Cinotti said the building has been put up for auction because he needed to "free up" his time for personal reasons.

South Wales Argus:

"We have a family member who is ill," he said.

"My brother and I decided that we needed to free up time and thought the best way to do that was by putting Rothbury up for auction."


Auschwitz survivor Ron Jones recalls his struggle to survive

Promotion hero Lenny Pidgeley's Wembley play-offs final message to Newport County

European Election 2019 - the parties running in Wales put their cases forward

But he also added: "I do have someone who is interested in the building. If that does happen then the auction will not happen."

Auction Valuer Audrey Smith described the building as "prestigious", saying: “It is an elevated location in much sought after and prestigious address on the western side of Newport with easy access to the M4.

“This is a prestigious detached property for refurbishment, which retains many original features.

“This is a superb opportunity to restore this grand house to its former glory."

The building includes two coach houses, a store room, gardens, a large car park, ornamental staircase, reception rooms, central landing, cellar, driveway and large entrance hall.

The building's owners were granted planning permission to turn the building into a boutique hotel in 2018 - but with conditions.

The auction is scheduled to be held at Clive Emson Auctioneers’ at the St Mellion International Resort, Cornwall on Thursday, June 13.

Visit here for more details.