Guide price
£225,000
Terraced house for saleCommercial Street, Newport NP20
- Chain free
- Freehold
Red Dragon Estates Ltd
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About this property
A Fantastic Investment Opportunity In The Heart Of Newport City Centre. Mixed Use. Shop & Residential. Prominent High Foot & Traffic Flow.
Good Current Yields But Huge Potential On Offer Also To Increase Both Capital & Rental Income. Possibility To Develop & Maximise Further Subject To Planning.
9 Years Fri Lease For The Shop (Diamond Nails). Currently £14,000 pa. Residential Currently Just £3,000 pa. Huge Opportunity To Increase.
A Good Size Shop Space. 3 Stories Of Residential Above. Potential To Convert To Flats/Other Use?. A Very Large Basement Running The Length Of The Ground Floor
Rear Access & Off Road Parking For Several Vehicles. Guide Price £225,000 - £255,000.
***no chain***
***Exceptional Investment Opportunity***. Offered for sale as a Freehold, Tenanted Building Ideal for Investors & Developers is this large 4 storey & characterful premises made up of a good size commercial unit to the ground floor, residential space to the 3 floors above, a very large basement area & rear off road parking & access area. Benefitting from a 9 year lease on the shops space and with huge potential to increase, adapt & develop the remaining areas of the building both inside and outside make this an ideal opportunity for a strong initial return as well as huge potential for future growth.
The property is located just a short walk from the newly refurbished & reopened Indoor Market & the Friars Walk shopping mall in a highly desirable location on one of Newports busiest streets in the heart of the city centre. A 2-minute walk to the main central train station and short drive to the M4 motorway giving excellent transport links to Cardiff, Bristol & surrounding areas the property further boasts a high foot fall and very close proximity to the Royal Gwent hospital, leisure facilities and all that you'd expect from a city centre position. *** Guide Price £225,000 - £255,000 ***