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Chain free
Freehold

Guide price

£225,000

Terraced house for sale

Commercial Street, Newport NP20
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Guide price

£225,000

Terraced house for sale
Commercial Street, Newport NP20

    Chain free
    Freehold

    About this property

    • 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 ***

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    Red Dragon Estates Ltd

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