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Residential development

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01633 371893

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Residential development

6 bed

0 bath

Property description & features

Exceptional Investment/Development Opportunity In The Heart Of Newport City Centre
Highly Desirable Pedestrianised Location Ideal For Commercial Or Residential Purposes
Planning Permission Subject To Conditions For The Conversion To HMO - 6 x 1 Double Bedroom With Ensuite Shower Rooms. See Plans - Ref. No: 22/0794
Huge Potential & Strong Yields Available. Previously Utilised As Office Spaces & Still Has This Option.
Excellent Transport Links To Bristol, Cardiff & Surrounding Areas Via The Nearby M4 Motorway & High Speed Main Central Train Station Just 1 Minute Walk Away
Close To All Amenities, The Royal Gwent Hospital, Leisure Facilities & Bars/Restaurants/Shops & Cafes
Vacant. No Chain. Leasehold - 125 years.
*WATCH THE WALK THROUGH VIDEO*

*Exceptional Investment Opportunity*. Offered for sale as a Leasehold, Vacant Building Ideal for Investors, Developers & Owner Occupiers is this exceptional light filled & characterful premises made up of a private entrance with spiral staircase & lift to the ground floor and stunning, large & well presented spaces to the first floor. 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.
The property is located just 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. A 1 minute walk to the main central train station and short drive to the M4 motorway giving excellent transport links to Cardiff, Bristol & surrounding areas the property further boasts a high foot fall and very close proximity to the Royal Gwent hospital, leisure facilities and all that you'd expect from a city centre position.
*Please Watch The Walk Through Video*
A huge, rare opportunity with many possibilities the agents highly advise viewing in order to fully appreciate all that this well located, exceptional property has to offer.
Planning Application Reference - 22/0794.
Leasehold - 125 years. Service/Maintenance Charges £1045.71 2023.

Tenure: Leasehold
Lease Years Remaining: 125
Ground Rent: £0.00 per year
Service Charge: £1045.71 per year

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Red Dragon Estates - Newport

70 Bridge Street Newport NP20 4AQ

01633 371893

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Red Dragon Estates is an Independent Estate, Letting and Property Management Agency, based on Bridge Street in Newport City Centre. With over 30 years in the property Industry, we recognise that the quality of service is essential to success! Red Dragon Estates always strives to ensure that the needs of our Clients come first and our friendly and professional team are always on hand to help. We don’t believe everything new is good and so we embrace the latest technology and invest heavily in other forms of advertising to ensure maximum results for our Clients. We also pride ourselves on to the traditional way we do business and this is what sets us apart from our competitors. Whether selling or letting, buying or renting, you can be assured that the team at Red Dragon Estates will do everything they can to ensure a smooth transaction.

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Property reference 12156078. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Red Dragon Estates - Newport.

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