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Plot for sale
Planning Granted | Newport
£325,000
Planning Granted | Newport
£325,000
Our Summary
- Hollis Morgan – MAY 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 14th May 2025 @ 17:30Registration Deadline is on Monday 12th May 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 - Freehold Utilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal PackThe 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
- MAY LIVE ONLINE AUCTION
- RESI PLANNING GRANTED
Description
This iconic Grade II listed building, the Drill Hall, is a unique development opportunity in Newport, Wales. The property, which was once the headquarters of the 3rd Monmouthshire Rifle Volunteer Corps, has been vacant since a fire damaged it in 2018. Planning permission has been granted to convert the building into 9 luxury flats, with a small commercial element, offering a GDV of circa £2.3 million. The flats range in size from 49-81 square meters, with 2-3 bedrooms, and the commercial space can be used as a gymnasium or office. The property is being sold with vacant possession and is available for purchase through a live online auction on May 14th, 2025. The auction will be streamed online, and bidders can participate by telephone, proxy, or computer.