House For Sale £250,000
HMO Development/Investment/Office Space Opportunity - Commercial Street, Newport

*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