Newtown, Powys, SY16

£120,000
SSTC
This property listing is now SSTC

Commercial Property for sale in Powys

  • Town Centre Development Opportunity
  • Consisting of converting existing Offices to 5 Residential Apartments
  • 3 Two Bedroom & 2 One Bedroom Apartments
  • 125 Year Lease
  • Planning Ref: 24/0502/FUL
  • Existing EPC - D (82) Exp 24.08.2031

Development opportunity within the Bear Lanes Shopping Centre to converting existing office space into five residential apartments over two floors.
The development has received full planning approval from Powys County Council (Ref: 24/0502/FUL).
The development is to be sold with a lease of 125 years from the completion date of the sale.

The accommodation will comprise of Entrance off of Broad Street with staircase leading to the first and second floor.
The first floor will comprise of 2 x Two Bedroom Residential Apartments, both benefit from Open Plan Living/Kitchen/DiningRooms.
The first floor will also retain a Manager's Office for the shopping centre below.
The second floor will benefit from three residential apartments.
1 x Two Bedroom Apartment with Kitchen/Living/Dining Room.
2 x One Bedroom Apartments with Kitchen/Living/Dining Room.

Existing and proposed floorplans as well as the planning permission are available from the Selling Agents.

TENURE
To be sold on a 125 year lease from completion of contracts. Further details to be discussed between the buyer and vendor.

Important Information

  • This is a Freehold property.

Property Ref: 78564951_NEW240329

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01686 626160

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