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Guide price

£400,000

Land for sale
Commercial Street, Newport NP20

    • 13 baths

    • 16 receptions

Sold STC
Freehold
Added on 01/07/2024

About this property

  • Exceptional Investment/Development Opportunity. Very Large Characterful Buildings. Mixed Use

  • City Centre Location. Highly Desirable & Pedestrianised Ideal For Retail, Office & Residential Uses

  • Planning Permission For The Conversion Of Upper Floor Into 13 Flats. See Plans. Reference 22/0542

  • Excellent Transport Links To Bristol, Cardiff & Surrounding Areas. Rail & Motorway Networks.

  • In Need Of Full Development/Upgrading Throughout. Possible Council Grants Offered.

  • Vacant. ***no chain*** Freehold.

  • **Guide Price £400,000 - £450,000** flexible purchase options available for consideration.

***Investment Opportunity***. Offered for sale as a Freehold, Vacant Building Ideal for Investors, Developers & Owner Occupiers is this exceptional 4 Storey premises made up of two retail areas to the ground floor and stunning, large, characterful spaces to the first, second & further floors benefitting from planning permission for conversion to 13 flats (10 x 1 bed & 4 x 2 beds). In need of development & upgrading but packed full of potential and possible exceptional returns, the property is located a short walk from the newly refurbished & reopened Indoor Market, directly opposite the Friars Walk shopping mall in a highly desirable location on one of Newports busiest streets in the heart of the city centre. Close to the main central train station and M4 motorway giving excellent transport links to Cardiff, Bristol & surrounding areas the premises further boasts a high foot fall and presents alongside many other major outlets such as McDonalds, Costa, Natwest, Specsavers, Next, Tescos & H&M to name but a few.

A huge, rare opportunity with many possibilities the agents highly advise viewing in order to fully appreciate all that this well located, exceptional property has to offer. Planning Application Reference - 22/0542. Guide Price £400,000 - £450,000. Flexible Purchase Options Available.

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