66 & 67 Newport Road

FOR SALE MIXED COMMERCIAL & RESIDENTIAL INVESTMENT/DEVELOPMENT BARNSTAPLE, NORTH DEVON

FOR SALE

MIXED COMMERCIAL & RESIDENTIAL

INVESTMENT/DEVELOPMENT 

66 & 67 NEWPORT ROAD

NEWPORT, BARNSTAPLE, NORTH DEVON EX32 9BG

PRICE: OIRO £199,000 FREEHOLD

¨     Edge of town centre location

¨     2 shop units with flat above

¨     P.P granted for redevelopment

¨     Services: All mains connected

THE SITUATION

The property is situated within the popular Barnstaple suburb known as Newport.   Park Secondary School and Newport Primary School are close by.  There are a variety of retailers in the immediate vicinity and a high level of passing/chance trade.

THE PROPERTY AND CONSTRUCTION

COMMERCIAL:

Number 66 comprises a shop unit of c.380 sq ft together with rear servicing of c.220 sq ft and toilet.

Number 67 comprises a split-level shop unit of c.510 sq ft together with single storey extension extending to c.550 sq ft with kitchenette and toilet.

RESIDENTIAL:

66A comprises a 2-bedroom maisonette, en-suite shower room, large front to back lounge and kitchen/dining room. 66A extends to c.1000 sq ft and occupies the first floors of 66 and 67 Newport Road. To the rear is a garden (primarily to the rear of 66 Newport Road) extending to around 70 ft.

PLANNING PERMISION:

Planning permission was granted on the 6^th March 2024 under application number 76417 for demolition of existing outbuildings, and the erection of a two-storey development,

consisting of 1x studio apartment, 1x two storey one bedroom dwelling and

1x two storey two-bedroom dwelling, plus refurbishment of the two existing retail units.

THE PROPOSAL

Our clients are inviting offers based upon £199,000. It should be noted that the flat is subject to an assured shorthold tenancy and the shops are vacant.