Initial price	£325,000
30/04/25	£200,000
15/05/25	£185,000
Price Change	-43.08%

This iconic Grade II listed building, the former Drill Hall in Newport, Wales, is a rare development opportunity to convert into 9 luxury flats with a commercial element. The property, which was completed in 1901, has been vacant since a fire damaged it in 2018. Planning permission has been granted to transform the building into a scheme with a GDV of circa £2.3 million, generating potential rental income of £186,300 per annum. The property will feature a mix of 1 and 2-bedroom flats, ranging in size from 49 to 81 square meters, as well as a gymnasium and office space. Sold with vacant possession, the property offers a unique chance to restore a piece of local history and create a thriving residential and commercial hub in the heart of Newport city centre.