Summary - FLAT, 63, RISCA ROAD, NEWPORT, CROSS KEYS NP11 7BT
1 bed 1 bath Retail Property (high street)
Large plot with strong transport links and redevelopment scope.
Prominent high‑street frontage with extensive forecourt parking
A substantial detached mixed‑use property on Risca Road offering immediate trading potential and redevelopment scope. The ground floor is a large open‑plan commercial unit with rear vehicular access and extensive forecourt parking — a rare asset for a local high‑street location. The first floor includes a self‑contained one‑bed flat, providing rental income or the opportunity for owner occupation while developing the commercial element.
Key investment strengths are the prominent roadside frontage, generous plot (approx. 0.16 acres) and strong transport links, which support continued retail, café or light industrial uses. The site’s size and layout also create realistic scope for conversion or subdivision subject to planning consent (STP), making it suitable for income-focused buyers or developers seeking a town‑centre edge project.
Buyers should factor in clear remedial and planning considerations. The façade, signage and parking surface show weathering and will require refurbishment; the building will likely need internal upgrading for modern standards. The surrounding area is relatively deprived with above‑average local crime statistics, and any change of use or redevelopment will need statutory consents. Tenure details are unknown and should be checked early in due diligence.
In summary: this is a large, flexible property with parking and roadside visibility — attractive for hands‑on investors or developers prepared to invest in refurbishment and obtain consents to unlock value.
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