Newport Road, Caldicot, Monmouthshire, NP26

Nestled in a residential area of Caldicot, Monmouthshire, this detached two-story property offers a unique investment opportunity with notable renovation potential. Conveniently positioned near the A48, it provides easy access to Chepstow and the M48 motorway, enhancing its appeal for both residential and commercial interests. Currently operating as a veterinary surgery with an accompanying flat on the upper level, the layout presents various avenues for transformation. The spacious ground floor comprises a reception area, multiple consultation rooms, and a substantial rear room that could be repurposed according to your vision. The first-floor flat includes two bedrooms and ample living space, making it suitable for immediate rental or as part of a broader redevelopment plan. Significantly, there is an existing planning application (DM/2023/01620) submitted for constructing a three-bedroom detached dwelling on the large rear car park, which accommodates up to ten vehicles when double-parked. This indicates further development potential on-site that could enhance value significantly. The property itself is freehold and features an EPC rating of 59 (C) for the surgery and 70 (C) for the flat. There is also an external storage building that can be utilized or modified as needed. This location offers not only residential convenience but also proximity to local amenities and transportation links. With ample room for renovation and expansion, this property stands out as an excellent investment opportunity in a growing area. Interested parties are encouraged to explore their options for conversion or redevelopment while ensuring compliance with local planning regulations.