Development opportunity as former bank building hits the market

A listed building in Nuneaton could be redeveloped after hitting the market with a £695,000 price tag.

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, 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.”