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Commercial Street, Newport Residential development for sale
Commercial Street, Newport
£400,000
Commercial Street, Newport
£400,000
Our Summary
- *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
- Planning Application Reference - 22/0542
- Exceptional Investment/Development Opportunity
- In Need Of Full Development/Upgrading Throughout
- Planning Permission For The Conversion Of Upper Floor Into 13 Flats
Description
This exceptional 4-storey property is a rare investment opportunity in the heart of Newport's city centre. The building, which currently has two retail areas on the ground floor and characterful spaces on the upper floors, has planning permission to be converted into 13 flats, offering potential for exceptional returns. The property is located on a busy street, directly opposite the newly refurbished Indoor Market and Friars Walk shopping mall, with a high footfall and surrounded by major outlets. With its close proximity to the central train station and M4 motorway, the property offers excellent transport links to Cardiff, Bristol, and surrounding areas. The property requires development and upgrading, but its potential and flexibility make it an attractive opportunity for investors, developers, and owner occupiers. With a guide price of £400,000-£450,000 and flexible purchase options available, the agents highly recommend viewing to fully appreciate this exceptional property.