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Commercial Property for sale

15 & 16 Holyrood Street

Sold by Us £475,000

Property Description

Full description

Tenure: Freehold

The property is located close to the High Street, Newport's busy retail and leisure destination. Neighbouring businesses include Primrose Delicatessen, Hurst's and various boutique stores offering clothing/home ware brands.

This Grade II listed property comprises a fully let three storey Victorian building set out as a commercial/retail unit to the ground floor, currently let to Dolls Houses by Design, with two apartments over and a town house. To the rear of the property are two further commercial units currently let to Fit to Relax gym and EF offices.

The retail element is let on a 6 year lease from October 16, the gym is let on a 3 year lease from summer 16 and the office space and storage on a 3 year lease from January 2014. The residential properties are let on Assured Shorthold Tenancies.

The property has a historically low rental void rate and current residential tenancies have been in situ for some time.

Total initial income is £40,320.

Our client is asking for offers in the region of £475,000 for the freehold interest, with the benefit of the tenancies in place.

All viewings to be arranged via HRD Commercial. Please contact 01983 527727.

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