Signs that the property market in Newport city centre could be improving have been signalled with the freehold sale of a property in the heart of city’s Gold Tops business district.
Goldfields House, 18A Gold Tops and also prominently visible on Fields Road and offering some 1,800 sq ft, has been sold to a local investor for £230,000.
The former Ranstad Recruitment agency building, which has a total of eleven rooms as well as ancillary space, will now be the subject of a total refurbishment.
David Jones, of selling agents Hutchings & Thomas, said: “The sale of this important building in Gold Tops, the city’s commercial district, is a sign that at long last the market may be shifting for the better.
“Gold Tops with its central location yet easy access to the motorway and rail networks is traditionally at the heart of the commercial activity in the city. The fact that movement is now happening in this district augurs well for the future.
“Refurbishment of this building to a headquarters style property will add further to the improved stock in Gold Tops and will give a lift not just to this part of the city but the Newport as a whole.
“There are other recent, prime examples of stock being upgraded in the Gold Tops area namely the Medinet building and also the recently renovated offices of law firm Everett ,Tomlin, Lloyd & Pratt.”