2 bedroom property for sale

Cross Street, Abergavenny

01873 601971

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2 bed

0 bath

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Broadband: Super-fast 80Mbps *

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EE O2 Three Vodafone

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Property description & features

Investment Opportunity
Freehold Property
Ground Floor Retail Space
Five Two bedroom Appartments
200m From Town Centre
Gross Income £43,400 p.a.

An excellent freehold investment opportunity located in a busy secondary shopping area just 200 metres from the centre of Abergavenny. The property comprises a ground floor lock up Class E (formerly A1) retail space of some 415 Sq Ft. The shop unit is currently let at an annual rent of £8,000.00 which is due for renewal later in 2024. To one side of the retail space is a separate Front Entrance door which leads to an inner hallway with a private entrance door to a ground floor, two bedroomed flat at the rear of the building. Within the communal hallway is a staircase which provides access to the first and second floors, each of which has two separate, self-contained two bedroom flats giving 5 x two bedroomed apartments in total all of which have been continuously let on Occupational Contracts (previously Assured Shorthold Tenancies) for some 13 years. The gross income from the property currently stands at £43,400 per annum which equates to a yield of just over 7% and this is due to rise this year to £47,000 following rent reviews of the flats. For further details, please contact owners agent Christie Residential

Tenure: Freehold

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Christie Residential - Abergavenny

53 Cross Street Abergavenny NP7 5EU

01873 601971

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Christie Residential is an independent estate agency dedicated to providing exceptional service to buyers and sellers in the Abergavenny / Crickhowell area. Company director, Philip Christie spent 10 years from 2004 building Surehomes Estate Agents into market leaders, most clearly illustrated at the end of 2014 when achieving the most completed sales in the NP7 area. Deciding the time was right to build upon this success, Philip and his team seized the opportunity to rebrand as Christie Residential retaining his customary focus on an unparalleled level of service and local expertise.

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*DISCLAIMER

Property reference 12339128. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie Residential - Abergavenny.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed: obtained from Ofcom on December 2, 2023

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength: obtained from Ofcom on December 2, 2023

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

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*Call rate information

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