Property for sale
Property description & features
- Tenure: Freehold
Description
A large freehold investment opportunity, The property extends to approximately 30,000 square feet in total and plans have been drawn to convert the upper floors into 10 residential apartments with two commercial units.
Location
The property is located in the Town Centre on the junction of Commercial Street and Palmyra Place. Newport is situated approximately 12 miles east of Cardiff and within easy travelling distance of the M4 motorway network.
Accommodation
Approx Site Area Approximately 781 sq m (934 sq yds).
Tenure Freehold
Planning
Planning consent has been approved to convert the upper floors into 8 x 2 bed apartments with the retention of the ground floor public house. Further plans have been submitted to create two further 2 bed apartments and 2 smaller commercial units to the ground floor.
The Opportunity
This is a high yielding investment opportunity producing a yield of 21% with a GDV value £1’500,000.00
Places of interest
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Property reference mwoea_1159222033. 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 Move With Opal - Cardiff.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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