1-3 Cross Street
Newtown, SY16 2LXThe Space
HISTORIC LANDMARK BUILDING OCCUPYING A PRIME TOWN CENTRE LOCATION
At a glance
| Property Type | Development / Investment / Mixed Use / Retail |
| Tenure | For Sale |
| Size | 8,186 sq ft |
| Price | Offers in the region of £495,000 |
| Energy Performance Rating | Upon enquiry |
Newtown (Powys)
5 mins
Caersws
95 mins
Welshpool
237 mins
Llanbister Road
253 mins
Reading
2386 mins
Twyford
2446 mins
Chesham
2465 mins
Amersham
2488 mins
Key Points
- Substantial landmark Grade II Listed mixed use property.
- Arranged over 4 floors.
- Historic architecture with striking clock tower to the main frontage.
- 2 ground floor retail units with basement storage and ancillary first floor office/storage accommodation.
- 4 no. 1-bedroom apartments on the second floor.
- Well-arranged accommodation offering scope for a wide range of potential mixed-use opportunities, subject to planning.
Description
The property comprises a substantial Grade II Listed mixed use property arranged over 4 floors including basement level, extending to approximately 8,186 sqft (760.48 sqm) having a striking clocktower to the main frontage.
The property currently comprises 2 separate retail units each with large glazed frontages, basement storage and ancillary storage/office space on the first floor, and four separate residential apartments on the second floor.
The retail units both comprises spacious ground floor accommodation deemed suitable for a variety of uses, subject to planning.
The second-floor comprises four 1-bedroom residential apartments benefitting from their own separate access from Severn Street and each are fit out with modern kitchen and bathroom facilities.
Available area
The accommodation comprises the following areas:
| Description | sq ft | sq m |
|---|---|---|
| - | 8,186 | 760.50 |
| Total | 8,186 | 760.50 |
The Location
The property occupies a highly prominent and sought after location on the junction of the High Street and Broad Street, the two main retail streets in Newtown. The property benefits from a long main frontage to the High Street with on street parking available in the near vicinity and the main public car parks within walking distcance.
Newtown is centrally located in Mid Wales and is the principal economic and administrative centre for the area being situated approximately 30 miles west of Shrewsbury and the M54 and 40 miles east of Aberystwyth and serves a wide catchment area.
The town has a large and developing commercial/industrial base and has also benefitted from the recent opening of the Newtown Bypass. The town also has a mainline rail station on the Cambrian Line from Shrewsbury to Aberystwyth and Machynlleth to Pwllheli.
Terms
Offers in the region of £495,000 are invited for the freehold interest with vacant possession on completion.