Investment Town Centre Commercial & Residential Property For Sale

Business description

Reduced

An opportunity to purchase this investment property that consists of a spacious ground floor shop with a basement and a two bedroomed self contained flat over
The shop is presently leased out for 2 years at rent of £150 per week and the flat brings in a rent of £85 per week. This equated to approx.8.5% return

The flat is on 6 month rolling leases.
The basement is presently used as storage by the vendor.

The ground floor shop area consists of double display window frontage and entrance fitted with an electric shutter. The front office area of the shop is approx.412 sq ft with a toilet and kitchen area. The rear office area is approx. 373 sq ft also has a toilet and kitchen area. Both offices are open plan and have a suspended ceiling and separate gas fired central heating.
Stairs lead down to the dry basement (approx 990 sq ft) that is used for storage.

The flat over the shop is accessed via a rear external steel staircase. The flat consists of UPVC entrance door leading to two bedrooms, a large lounge, bathroom and kitchen/dining room. The flat has gas central heating

Property information

Property:

Freehold

Living accommodation:

2 bed flat over the shop with own access from rear of property

Location:

The property is on the main shopping street of this large Gwent town. The property is on a parade of mixed retail outlets and the street is pedestrianised during the daytime. The town is presently undergoing major redevelopment and investment

Premises details:

The ground floor shop area consists of double display window frontage and entrance fitted with an electric shutter. The front office area of the shop is approx.412 sq ft with a toilet and kitchen area. The rear office area is approx. 373 sq ft also has a toilet and kitchen area. Both offices are open plan and have a suspended ceiling and separate gas fired central heating.

Stairs lead down to the dry basement (approx 990 sq ft) that is used for storage.

The flat over the shop is accessed via a rear external steel staircase. The flat consists of UPVC entrance door leading to two bedrooms, a large lounge, bathroom and kitchen/dining room. The flat has gas central heating