Moon & Co. are delighted to offer to the market a superb investment opportunity, situated in Chepstow Town Centre. The Berkeley Centre is currently utilised as part commercial and part residential and now has full planning permission (Planning Reference No: DM/2023/00201) to convert to three separate apartments. The top floor apartment is near completion and currently offers three bedrooms, open plan kitchen/living/dining space and updated bathroom. The ground floor offers WC facilities, two work rooms and additional reception room, with the lower ground floor again part converted and offering a one bedroom apartment with kitchen and bathroom. Outside the property benefits from off road parking and spacious private gardens.
The planning permission allows for the property to comprise a lower ground floor to ground floor house consisting of two bedrooms, kitchen, living area and with the potential to add en-suite and dressing room/study space as well as the existing conservatory and the benefit of the private gardens. The ground floor apartment would comprise a two bedroom apartment with open plan kitchen/living/dining area and bathroom. The first floor apartment, which is already near completion, consists of the aforementioned three bedrooms, bathroom, kitchen and living space.
Once completed the individual units would offer an investment buyer the opportunity to sell the properties and generate a positive equitable rise, rent the properties out on a short term tenancy basis or alternatively to utilise the completed properties for holiday let with high demand in the local area.