Commercial Street, Newport Residential development for sale

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Commercial Street, Newport Residential development for sale

Commercial Street, Newport
£400,000

Price History

Initial price £450,000
01/02/25 £400,000
Price Change -11.11%

Description

This exceptional 4-storey building is a rare investment opportunity in the heart of Newport's city centre, offering a vacant property with planning permission for conversion to 13 flats. The ground floor features two retail areas, while the upper floors boast large, characterful spaces that need development and upgrading. The property is located on one of Newport's busiest streets, opposite the newly refurbished Indoor Market and Friars Walk shopping mall, with excellent transport links to Cardiff, Bristol, and surrounding areas. With a high footfall and surrounded by major outlets, this property presents a huge opportunity for investors, developers, and owner occupiers to capitalize on its potential. With a guide price of £400,000-£450,000, viewing is highly recommended to appreciate the property's many possibilities.