No longer on the market
This property is no longer on the market
Floorplan
MapTerraced house
Chain-free
Terraced house
Key information
Features and description
- 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 Remaining On FRI Lease For The Shop With A Break Clause Due 2026 (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 *
Tenure: Freehold
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 *
Tenure: Freehold
About this agent
Red Dragon Estates is an Independent Estate, Letting and Property Management Agency, based on Bridge Street in Newport City Centre. With over 30 years in the property Industry, we recognise that the quality of service is essential to success! Red Dragon Estates always strives to ensure that the needs of our Clients come first and our friendly and professional team are always on hand to help. We don’t believe everything new is good and so we embrace the latest technology and invest heavily in other forms of advertising to ensure maximum results for our Clients. We also pride ourselves on to the traditional way we do business and this is what sets us apart from our competitors. Whether selling or letting, buying or renting, you can be assured that the team at Red Dragon Estates will do everything they can to ensure a smooth transaction.