Paget Road, Barry Island

£1,250,000

Guide price

*** INVESTMENT OPPORTUNITY *** Freehold Investment Opportunity in prime commercial and residential area of Barry Island. The property occupies a broadly square shaped plot which we have been informed measures 854m2. Potential for development and redevelopment subject to planning. Briefly comprising; Ground floor Amusement Arcades and Kiosks let on a 999 year lease at a peppercorn rent. Basement, First Floor (currently used as a Gymnasium) and Penthouse with commanding sea views. Penthouse (168.3m2) - Large open plan penthouse apartment, three bedrooms (previously four), open plan lounge and kitchen. Gymnasium (278.5m2) - Utilising the whole length of the first floor and basement (208.0m2). Positive pre-application advice for the construction of four apartments over two floors benefiting from views across the cricket grounds and Old Harbour to the rear of the building. For all enquiries please speak to Angela Fulgoni (01446) 709933 or Jemima Eason (01446) 700222.

ACCOMMODATION MORE PARTICULARLY COMPRISES:-

PENTHOUSE APARTMENT

FIRST FLOOR GYMNASIUM

GROUND FLOOR

BASEMENT

DEVELOPMENT POTENTIAL

Informal enquiries to Vale of Glamorgan Council has indicated that there is potential to develop their rear outside yard to four flats, subject to planning consent.

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Knights Estate Agents - Sales

84 High street, Barry, South Glamorgan, CF62 7DX

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