This iconic Grade II listed Drill Hall in Newport, Wales, is a development opportunity to convert into 9 luxury flats with a potential GDV of £2.3 million and a rental income of £186,300 per annum. The property, located on the corner of Lower Dock Street and Caroline Street, has a rich history dating back to 1901 and was previously used as a religious building before a fire damaged it in 2018. Planning permission has been granted to transform the property into a scheme of 9 luxury flats, including 2- and 1-bedroom apartments, as well as a small commercial element. The property is being sold with vacant possession, offering a unique opportunity for developers to bring this historic building back to life.