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Residential development for sale
High Street, Newport
£650,000
High Street, Newport
£650,000
Our Summary
- ( 3 ) THE SITE FOR BRAND NEW BOCK OF FOUR FLATS FACING MILL STREETTHE OWNER WOULD SALE THE WHOLE DEVELPOMENTOR DIVIDE WE HAVE A TENANT FOR THE SHOPNOTE NOW SCOPE TO DEVELOP THE WHOLE SITETHE PROPERTY MISDESCRIPTIONS ACT 1991 These details are for guidance only and complete accuracy cannot be guaranteed
Description
This property is a freehold site with planning permission to redevelop an existing retail building on the High Street into a mixed-use commercial and residential development. The plan is to create a large retail space on the ground floor, convert the first and second floors into five flats, and demolish existing outbuildings to build a new residential block of four units. The property is being sold as a whole or can be divided into three separate parts: a lock-up corner shop, a conversion for flats on the first and second floors, and a site for a brand new block of four flats facing Mill Street. The owner has a tenant lined up for the shop, and the property offers a unique opportunity for developers to create a new housing association or investment buy-to-let opportunity.