Block of flats for sale in Stow Park Circle, Newport NP20

£750,000 (£750,000/sq. ft)
Block of flats for sale 1 sq. ft*
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Property description

The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000.

The property is located on Stow Park Circle in the part of the city know as ‘The Handpost’. The city centre is within walking distance. Access to the M4 Motorway at junction 27 is approximately 1.5 miles to the west.

The surrounding area provides a mixture of residential, retail and office occupiers. There is also a good range of local amenities including shops, restaurants, bars and cafes all within short walking distance.


Description


The property provides a large 3 storey, detached building previously used as a nursing home. The building provides, kitchen, lounge, dining room, office, bathrooms and bedroom accommodation.

We believe the property could be suitable for a number of uses including care home, nursery, children’s home, hotel, B&B or residential use (subject to planning).

The building is set in extensive grounds, presenting the opportunity for extension.

The property is not listed but does sit within the Stow Park Conservation Area.


Planning


We understand that the property benefits from planning consent for a nursing home.

Detailed conversations have been held with the local authority regarding a conversion to residential use. An application has been submitted for conversion to 13 apartments. This is currently pending. The application number is 19/0305


Local authority


Newport City Council:
Tel: Legal costs
Each party will be responsible for their own legal costs incurred in any transaction.


Tenure


The freehold interest in the property is available. We are seeking offers in excess of £750,000 exclusive.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
M4 Property Consultants, NP19 on +44 1633 371863 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by M4 Property Consultants, and do not constitute property particulars. Please contact M4 Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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