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Little London - Site At 1 Blackhouse Quay 0.43 Acres of Commercial Land Offered at £450,000 in Newport PO30 5YH
Investment Highlights
- Open site situated just to the north of the main Town Centre of Newport
- Level site in the most part with concrete coverage
- Possibilities for alternative uses
- Current planning consent for construction of 21 flats coupled with three commercial business units
- Currently used for overspill car parking
Executive Summary
The site is freehold and the price guide is £450,000 + VAT.
Property Facts
| Price | £450,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold | Total Plot Size | 0.43 ac |
| No. Plots | 1 |
| Price | £450,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 0.43 ac |
1 Plot Available
Plot
| Price | £450,000 | Total Plot Size | 0.43 ac |
| Price Per ac | £1,049,075.76 |
| Price | £450,000 |
| Price Per ac | £1,049,075.76 |
| Total Plot Size | 0.43 ac |
The site is level and in the most part with concrete coverage, the previous buildings having been demolished some while ago. The site enjoys a frontage to Little London of some 101ft (30.8m) x an overall depth of some 56.5m (185ft).
Description
The site is situated just to the north of the main Town Centre of Newport, between that and the busy Riverway Industrial/Trading Estate, and close to the River Medina with the expectation that the upper floors of any development will enjoy riverside views. Newport itself is the County Town and administrative centre for the Island and, as such, is constantly busy. Opportunities such as this are unusual, therefore early interest is strongly encouraged. The site is currently used for overspill car parking; however, in addition to the potential development options, there are clear possibilities for alternative uses. Outline planning consent was granted on 15th August 2018 for construction of 21 flats and three commercial business units, all with a flood evacuation route. A copy of that consent and various plans and other information, such as ground testing results, can be made available upon request to bona fide applicants and/or their professional advisors. The attached overhead plan shows the site in the context of its near neighbours. Interested applicants may wish to make further enquiries regarding the consent or alternative uses of the IW Planning Unit on 01983 823552.
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Little London - Site At 1 Blackhouse Quay
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