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Plot for sale
Planning Granted | Newport
£185,000
Planning Granted | Newport
£185,000
Our Summary
- Hollis Morgan – JULY LIVE ONLINE AUCTION – A Freehold DEVELOPMENT OPPORTUNITY to convert this ICONIC BUILDING into 9 x LUXURY FLATS with a GDV of circa £2
- 3M | Potential RENT £186,300 paFor Sale By Live Online Auction - ADDRESS | Drill Hall, Lower Dock Street, Newport, Wales NP20 1EF Lot Number TBCThe Live Online Auction is on Wednesday 23rd July 2025 @ 17:30Registration Deadline is on Monday 21st July 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer
- Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”The Property - The Grade II Listed Drill hall which was completed in 1901 was the headquarters for the 3rd Monmouthshire Rifle Volunteer Corps
- Tenure - FreeholdThe Opportunity - PLANNING GRANTED | 9 FLATS Planning has been granted to convert this iconic property into a scheme of 9 luxury flats with a small commercial element
- FOR SALE BY ONLINE AUCTION
- FREEHOLD DEVELOPMENT OPPORTUNITY
- JULY LIVE ONLINE AUCTION
- RESI PLANNING GRANTED
Description
This iconic Grade II listed building, the former Drill Hall in Newport, Wales, is a rare development opportunity to convert into 9 luxury flats with a commercial element. The property, which was completed in 1901, has been vacant since a fire damaged it in 2018. Planning permission has been granted to transform the building into a scheme with a GDV of circa £2.3 million, generating potential rental income of £186,300 per annum. The property will feature a mix of 1 and 2-bedroom flats, ranging in size from 49 to 81 square meters, as well as a gymnasium and office space. Sold with vacant possession, the property offers a unique chance to restore a piece of local history and create a thriving residential and commercial hub in the heart of Newport city centre.