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HMO Development/Investment/Office... Residential development for sale
HMO Development/Investment/Office Space Opportunity - Commercial Street, Newport
£180,000
HMO Development/Investment/Office Space Opportunity - Commercial Street, Newport
£180,000
Our Summary
- *Exceptional Investment Opportunity*
- Benefitting from planning permission for conversion into a 6 Bed HMO (6 x 1 double bedroom with ensuite shower rooms) the property was previously utilised as high end office space and is set up to resume this purpose straight away, further increasing its potential and options for strong yield returns
- Planning Application Reference - 22/0794
- Exceptional Investment/Development Opportunity In The Heart Of Newport City Centre
- Huge Potential & Strong Yields Available
- Planning Permission Subject To Conditions For The Conversion To HMO - 6 x 1 Double Bedroom With Ensuite Shower Rooms
Description
This exceptional investment opportunity is a vacant building in the heart of Newport city centre, offering a unique blend of character and potential for strong yield returns. The property boasts a private entrance with spiral staircase and lift, as well as large and well-presented spaces on the first floor. With planning permission for conversion into a 6-bed HMO, the property can be easily converted back into high-end office space or utilized as a residential property. Located just a short walk from the newly refurbished Indoor Market and directly opposite the Friars Walk shopping mall, the property benefits from excellent transport links to Cardiff, Bristol, and surrounding areas. With a high footfall and proximity to the Royal Gwent hospital, leisure facilities, and the city centre, this property presents a rare opportunity for investors, developers, and owner-occupiers alike.