No longer on the market
This property is no longer on the market
Floorplans (
MapResidential development
Auction
Residential development
Features and description
- Advised Freehold - to be verified by solicitor
- <b>INVESTORS</b>: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential, we have a Lettings Department that can help you....
FOR SALE BY AUCTION - -Lot 70 - Commercial/Residential Investment
ONLINE AUCTION from 30th AUGUST-1st SEPTEMBER
A substantial freehold building comprising ground floor retail unit and three spacious self contained flats. The ground floor unit is sold with vacant possession having most recently traded as a caf but would be ideal for multiple uses. The flats are all let and are well managed and have historically enjoyed good occupancy levels with virtually no voids. The property has an HMO licence.
The property is situated in the vibrant high street area of Newport city centre which has seen a significant amount of regeneration and investment including the refurbished Newport Market a hub for business and food and the recently upgraded Market Arcade. The buyers may benefit from grants to the property which the seller understands could be available by NCC to any new buyer.
VIRTUAL TOUR
Accommodation
FloorDescriptionRentGround (retail unit/cafe)Former Former caf with seating area and serving counter rear kitchen and prep room and access to cellarprev let at £650 pcm (£7,800 p/a)GroundVia entrance from the market arcade communal stairs to FFFirst - Flat 1Hallway, lounge/kitchen, 2 bedrooms, bathroomLet on AST at £525 pcm (£6,300 p/a)Second - Flat 2Hallway Lounge/kitchen, 2 bedrooms, bathroomLet on AST at £495 pcm (£5,940 p/a)Third - Flat 3Hallway, lounge/kitchen, 2 bedrooms, bathroomLet on AST at £525 pcm (£6,300 p/a)AtticAttic space offering further potential (subect to neccesary planning consents)Total annual income when fully let£25,080
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential, we have a Lettings Department that can help you. Please call us on[use Contact Agent Button] or [use Contact Agent Button] for invaluable advice.
ONLINE AUCTION from 30th AUGUST-1st SEPTEMBER
A substantial freehold building comprising ground floor retail unit and three spacious self contained flats. The ground floor unit is sold with vacant possession having most recently traded as a caf but would be ideal for multiple uses. The flats are all let and are well managed and have historically enjoyed good occupancy levels with virtually no voids. The property has an HMO licence.
The property is situated in the vibrant high street area of Newport city centre which has seen a significant amount of regeneration and investment including the refurbished Newport Market a hub for business and food and the recently upgraded Market Arcade. The buyers may benefit from grants to the property which the seller understands could be available by NCC to any new buyer.
VIRTUAL TOUR
Accommodation
FloorDescriptionRentGround (retail unit/cafe)Former Former caf with seating area and serving counter rear kitchen and prep room and access to cellarprev let at £650 pcm (£7,800 p/a)GroundVia entrance from the market arcade communal stairs to FFFirst - Flat 1Hallway, lounge/kitchen, 2 bedrooms, bathroomLet on AST at £525 pcm (£6,300 p/a)Second - Flat 2Hallway Lounge/kitchen, 2 bedrooms, bathroomLet on AST at £495 pcm (£5,940 p/a)Third - Flat 3Hallway, lounge/kitchen, 2 bedrooms, bathroomLet on AST at £525 pcm (£6,300 p/a)AtticAttic space offering further potential (subect to neccesary planning consents)Total annual income when fully let£25,080
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential, we have a Lettings Department that can help you. Please call us on[use Contact Agent Button] or [use Contact Agent Button] for invaluable advice.
About this agent
The company was established by Paul Fosh in 2001 following a long career in estate agency with companies situated across South Wales. Since 2001 the company has grown into the leading property auction house in Wales.