This substantial detached commercial property presents a significant redevelopment opportunity in Chepstow, set on an elevated 0.87-acre plot. Previously functioning as an educational facility, the property comprises approximately 5,000 square feet of space spread across three stories, with additional basement accommodation and single-storey extensions enhancing its layout. Currently unoccupied for about six years, it is in need of comprehensive renovation to restore its functionality and aesthetics.
The property's value is significantly enhanced by the recently granted planning consent (July 2024) for conversion into residential apartments—specifically, the transformation of the existing building to house six apartments, along with plans for a new block that will provide an additional nine residential units. This project not only opens avenues for immediate investment but also allows for potential further development in this desirable location.
Accessibility is favorable; located less than half a mile from Chepstow's vibrant High Street, which boasts numerous shops and eateries, and provides excellent transport links via nearby motorways and rail services. The expansive garden area bordered by mature trees offers further potential for landscaping or outdoor amenities as part of any redevelopment scheme.
