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Residential development for sale
Commercial Street, Newport
£450,000
Commercial Street, Newport
£450,000
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 4-storey property in Newport city centre offers a rare investment opportunity for developers, investors, and owner-occupiers. The building has two retail areas on the ground floor and spacious, characterful spaces on the upper floors, with planning permission to convert it into 13 flats. While it needs development and upgrading, it has huge potential for returns and is located in a highly desirable area with a high footfall. The property is situated near the newly refurbished Indoor Market, opposite the Friars Walk shopping mall, and is close to the main train station and M4 motorway, providing excellent transport links. With a range of major outlets nearby, including McDonald's, Costa, and H&M, this property presents a unique chance to capitalize on its prime location.