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SOLD STC

Commercial Street, Newport

Floor Plan
1

Key features

  • 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 FRI Lease For The Shop (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***

Description

***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 ***

Brochures

Full Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Commercial Street, Newport

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About Red Dragon Estates, Newport

70 Bridge Street Newport NP20 4AQ
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Red Dragon Estates is an Independent Estate & Letting Agency and was set up in order to break away from the usual money orientated image that estate agents have portrayed for far too long. With a firm emphasis on quality of service, Red Dragon Estates have strived to ensure that their Clients come first! We don?t believe everything new is good, so we embrace the latest technology and invest heavily to ensure maximum results, but we also hang on to the traditional, old-fashioned values that our clients struggle to find elsewhere. We are proud to be the agent that has always been known to get the best possible price in the shortest possible time. We don?t do business, we do relationships, and this is what sets our service standards higher. Whether selling or letting, buying or renting, you can be assured that the team at Red Dragon Estates will do everything they can to ensure a smooth transaction.

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Disclaimer - Property reference 12559795. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Red Dragon Estates, Newport. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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