House For Sale, 12-13 High Street, Newport, Gwent NP20

Description

For sale by online auction - Lot 70 - Commercial/Residential Investment

Bidding opens: 30/08/2022 12:00
Auction scheduled to end: 01/09/2022 17:02

online auction from 30th august-1st September

A substantial freehold building comprising ground floor retail unit and three spacious self contained flats. The ground floor unit is sold with vacant possession having most recently traded as a caf but would be ideal for multiple uses. The flats are all let and are well managed and have historically enjoyed good occupancy levels with virtually no voids. The property has an HMO licence.

The property is situated in the vibrant high street area of Newport city centre which has seen a significant amount of regeneration and investment including the refurbished Newport Market a hub for business and food and the recently upgraded Market Arcade. We are also informed that the property has been successful in the application for a grant of up to £100,000 which can be passed over to the new owner ( see legal pack for details).

Accommodation
FloorDescriptionRentGround (retail unit/cafe)Former Former caf with seating area and serving counter rear kitchen and prep room and access to cellarprev let at £650 pcm (£7,800 p/a)GroundVia entrance from the market arcade communal stairs to FFFirst - Flat 1Hallway, lounge/kitchen, 2 bedrooms, bathroomLet on AST at £480 pcm (£5,760 p/a)Second - Flat 2Hallway Lounge/kitchen, 2 bedrooms, bathroomLet on AST at £480 pcm (£5,760 p/a)Third - Flat 3Hallway, lounge/kitchen, 2 bedrooms, bathroomLet on AST at £480 pcm (£5,760 p/a)AtticAttic space offering further potential (subect to neccesary planning consents)Total annual income when fully let£25,080
Tenure:
Advised Freehold - to be verified by solicitor

Tenancies:
Investors If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential, we have a Lettings Department that can help you. Please call us on or email for invaluable advice.

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House For Sale £270,000 12-13 High Street, Newport, Gwent NP20

House For Sale £270,000
12-13 High Street, Newport, Gwent NP20