>
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
Description
This exceptional 4-storey building is a rare investment opportunity in the heart of Newport's city centre, offering a vacant property with planning permission for conversion to 13 flats. The ground floor features two retail areas, while the upper floors boast large, characterful spaces that need development and upgrading. The property is located on one of Newport's busiest streets, opposite the newly refurbished Indoor Market and Friars Walk shopping mall, with excellent transport links to Cardiff, Bristol, and surrounding areas. With a high footfall and surrounded by major outlets, this property presents a huge opportunity for investors, developers, and owner occupiers to capitalize on its potential. With a guide price of £400,000-£450,000, viewing is highly recommended to appreciate the property's many possibilities.