Alexandra Court, Newport
OBJECT TYPE
Renovation project
HOUSING UNITS
39 appartments
LOCATION
Newport, Wales
RETURN ON INVESTMENT
10% Gross Yield
Project information
A large building comprising 39 apartments in Newport, Wales. Originally known as “the Old Ship Hotel,” it was built in 1871. In 1973, it was converted into apartments and remained vacant for several years. Since February 2021, it has been owned by the joint venture Alexandra Court Development.
Commencement and Completion Date
Approval for renovation was obtained, and work commenced in December 2021. The renovation by Alexandra Court is completed in June 2023.
Renovation Project
Renovating properties is a smart investment move. It increases property value, attracts better tenants or buyers, and aligns with market trends. Renovation projects offer flexibility and promote sustainability through the reuse of existing structures. Overall, renovating real estate is a lucrative opportunity for investors aiming to maximize returns and contribute to urban renewal.
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