Period building with car park and redevelopment upside for seasoned investors.
Corner-positioned Victorian terrace with high street presence
Includes two ground-floor retail units plus barber’s shop (informal let £3,900pa)
Planning approval previously granted for seven flats (P2015/0380) — verify status
Large rear car park and part-outbuilding included; decent plot size
Freehold (to be verified in legal pack) — sold at online auction
Requires full modernization and refurbishment throughout
Very high local crime and very deprived area — impacts demand and insurance
Buyer’s premium 1.2% (min £1,200 inc VAT); auction sale terms apply
A three-storey, Victorian end-of-terrace building with ground-floor commercial units, an informal barber’s tenancy and substantial rear car park. The site occupies a high-street corner close to Neath town centre and the railway station, giving clear potential for continued retail income or a conversion project subject to planning.
Planning approval (P2015/0380) was previously granted to create seven self-contained flats across the first and second floors, and some works are reported to have started. Prospective buyers should confirm whether that consent remains live with Neath Port Talbot County Borough Council; if lapsed, reapplication may be required. The property is in need of modernization and refit throughout, offering scope to add value for an investor or developer who can manage refurbishment and regulatory checks.
Important practical points: the barbers trade currently offers a small informal income of approximately £3,900pa; tenure is informed freehold but buyers must verify via the legal pack. The lot will be sold by online public auction with a buyer’s premium (1.2%, minimum £1,200 inc VAT) payable on exchange. The surrounding area is classified as very deprived with very high crime levels, which may affect rental demand and refurbishment costs.
This is a clear opportunity for an investor or experienced developer comfortable working in challenging locations: the property’s period character, corner position and decent plot with off-street parking present redevelopment upside, provided buyers factor in refurbishment, planning checks and local market considerations.
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