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Commercial Property for sale

Frolic House, Frolic Street, Frolic Street, Newtown, Powys, SY16

Sold STC £122,500

Property Description

Key features

  • Commercial Office Investment Opportunity
  • Adjacent to Ladywell & St Davids House
  • Convenient distance to the town centre
  • Currently let to two tenants
  • Ground Floor Suite (1) 375 sq.m
  • First Floor Suite (2) 41.71 sq.m
  • Side parking for several vehicles
  • Producing a yield of 4.8% in current asking price
  • Commercial EPCs: Ground Floor = F (113) & First Floor G = (189)
  • ASKING PRICE 122,500 PLUS VAT

Full description

Commercial Office Investment Opportunity. Adjacent to Ladywell & St Davids House. Convenient distance to the town centre. Currently let to two tenants. Ground Floor Suite (1) 375 sq.m. First Floor Suite (2) 41.71 sq.m. Side parking for several vehicles. Producing a yield of 4.8% in current asking price. Commercial EPCs: Ground Floor F (113) & First Floor G (189). Asking Price £122,500 plus VAT. Cpr

The Accommodation Comprises: -



Ground Floor Suite (1) -

Front Office - 4.30m x 3.14m (14'1" x 10'4") - (13 sq.m/145 sq.ft) half glazed entrance door, radiator.

Rear Office - 4.58m x 4.26m (15'0" x 14'0") - (20 sq.m/210 sq.ft) 2 windows to side, radiator.

Communal Kitchenette & Wc - which is shared with the First Floor Office accommodation.



First Floor Suite (2) -

On The Ground Floor -

Entrance Hall - with staircase to first floor.

On The First Floor -

Office (1) - 4.96m x 4.32m (16'3" x 14'2") - (21.44 sq.m) radiator.

Office (2) - 3.15m x 3.28m (10'4" x 10'9") - (10.36 sq.m) radiator.

Office (3) - 3.28m x 3.02m (10'9" x 9'11") - (9.91 sq.m) radiator.



Services - Electricity, water, gas and drainage connected.
Gas fired central heating.

N.B. The services, flues and appliances have not been tested and no warranty is provided with regard to their condition.



Tenure - Currently let to two tenants



Vat - The asking price is subject to VAT.



Business Rates - Ground Floor Suite - £2,700 per annum plus VAT.
First Floor Suite - £3,200 per annum plus VAT.



Commercial Energy Performance Certificate - A copy of the Commercial Energy Performance Certificate is available on request or from our website.



Viewing - By appointment with the Agents.



Directions - From our office in Broad Street proceed towards the Town Clock turning right onto High Street, take the next left, proceed over the pedestrian crossing and turn right into Park Street. Take the next turning left onto Frolic Street and Frolic House is the first property on the left hand side.



Website - To view a complete listing of properties available For Sale or To Let please view our website www.morrismarshall.co.uk. Our site enables you to print full sales/rental particulars, book viewings, register your requirements on our mailing list and arrange a valuation of your property.

Morris Marshall & Poole - 01686 626160
Ref: 2016/C AHT 10/16


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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