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£89,000Retail property (high street) for sale
14 Crane Street, Pontypool, NP4 6LY
Auction
Retail property (high street)
Features and description
- Advised Freehold - to be verified by solicitor
- To be sold with vacant possession
FOR SALE BY AUCTION - -Lot 114 - Commercial Opportunity
ONLINE AUCTION from 10th MARCH-12th MARCH
The property is situated on Crane Street, within Pontypool High Street, and is currently vacant.
We have been informed by the landlord that Heads of Terms have been issued to a soft play operator for a proposed 10-year lease at approximately £25,000 per annum, with a tenant break option at year 5.
The property provides scope to be subdivided into a number of individual units, which could then be let separately to create a varied and potentially strong yielding investment. We understand that the premises were previously generating rental income of £46,000 per annum.
The upper parts may also offer potential for conversion to alternative uses, including residential, subject to obtaining the necessary planning consents.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
To be sold with vacant possession
ONLINE AUCTION from 10th MARCH-12th MARCH
The property is situated on Crane Street, within Pontypool High Street, and is currently vacant.
We have been informed by the landlord that Heads of Terms have been issued to a soft play operator for a proposed 10-year lease at approximately £25,000 per annum, with a tenant break option at year 5.
The property provides scope to be subdivided into a number of individual units, which could then be let separately to create a varied and potentially strong yielding investment. We understand that the premises were previously generating rental income of £46,000 per annum.
The upper parts may also offer potential for conversion to alternative uses, including residential, subject to obtaining the necessary planning consents.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
To be sold with vacant possession
Area statistics
Crime score
Moderate crime
6/10
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.