Residential development for sale

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Residential development for sale

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

Description

This exceptional investment opportunity is a vacant building with a private entrance, spiral staircase, and lift, offering a rare chance to convert it into a 6-bedroom HMO with six double bedrooms and ensuite shower rooms. The property is located in the heart of Newport city centre, just a short walk from the newly refurbished Indoor Market and directly opposite the Friars Walk shopping mall. With a high footfall and excellent transport links to Cardiff, Bristol, and surrounding areas, this property presents a strong yield return potential. The property was previously used as high-end office space and is set up to resume this purpose immediately. With 125 years remaining on the lease, this opportunity is not to be missed.
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