A Listed building in Nuneaton could be redeveloped after being put on the market at a time when the town centre is set for further investment.
The former bank at 20 Newdegate Street, is a Grade II Listed building and is available either for sale or to let with Holt Commercial.
The property, which totals 5,748 sq ft, is in a prominent position in the town centre close to the main retail area and within close proximity of the bus and railway stations.
As well as being available to rent in its current form, it could be redeveloped – subject to relevant permissions – into a range of uses including a mix of residential and retail or leisure.
Chris Hobday, Associate at Holt Commercial, said other similar properties close by had recently been successfully redeveloped. He said “There is considerable excitement regarding the plans for Nuneaton town centre and we feel properties such as this are ripe for investment as a result.
Given the owner has listed it both for sale and to let, we believe it will attract interest from a wide range of parties who will be keen to make the most of the prominent position and significant potential the building offers.
We have recently been involved with a similarly attractive property in the town that has undergone redevelopment which has worked extremely well and should give confidence to other potential investors and occupiers.”
The property is available at £695,000 for the freehold.
More information is available from Holt Commercial on 024 7655 5180.