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COMMERCIAL

Crescent Street, Newtown, Powys, SY16

Guide Price
£299,950
Morris Marshall & Poole, Newtown
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Three Storey Investment Opportunity
  • 3 Apartments comprising
  • Spacious Ground Floor 1 Bedroom Apartment
  • First & Second Floor 2 Spacious 2 Bedroom Apartments
  • All Tenants are long standing
  • Located on corner of Crescent & Union Street
  • Offering a rent of £17,664 per annum with 5.9% yield
  • EPCs - D (65), C (71) & D (68) Exp 18.03.2035

Description

Three Storey Investment Opportunity located on the corner of Crescent and Union Street. Prominent building within the town's Conservation Area with Apartments comprising Spacious Ground Floor 1 Bedroom Apartment, First & Second Floor 2 Spacious 2 Bedroom Apartments all in good order benefitting from UPVC double glazed windows and all flats on own meters and have gas boilers.
Offering a rent of £17,664 per annum against the current guide price a yield of 5.9% with potential to increase the rents. All Tenants are of longstanding nature with potential to increase the rents.
Only a short walk over Longbridge into town centre. Newtown offers a range of amenities and facilities together with recreation facilities together with walks along the River Severn into Dolerw Park.

All with Long standing Tenants and the rents areL
Flat A 36 Crescent Street – Rent £476 pcm
Flat B 36 Crescent Street – Rent £476 pcm28 Union Street – Rent £520 pcm

Total Rent: £1,472 pcm (£17,664 per annum)

The accommodation comprises:
28 UNION STREET FLAT:
Ground Floor Flat with access direct onto Union Street there is also a further entrance into the communal side entrance which serves Flat A & Flat B 36 Crescent Street with access onto Crescent Street.
Entrance Hall with door to Cellar, door to rear private courtyard.
Living Room 4.11m x 4.90m
Bedroom (1) 4.88m x 3.35m
Kitchen 3.69m x 3.65m range of fitted units with base, wall and worktop surfaces, built-in oven, hob with extractor over, plumbed for washing machine
Shower Room with shower cubicle, washbasin with cupboard under, WC, wall mounted gas central heating boiler.
Approached from Crescent Street via a ground floor entrance door into Communal area with staircase to Flat A, 36 Crescent Street & Flat B 36 Crescent Street (2nd floor).

On the Ground Floor:
FLAT A 36 CRESCENT STREET
Entrance Hall with plumbing for washing machine
Living Room 3.79m x 4.68m
Kitchen 3.24m x 3.31m base and wall units, worktop surfaces, inset stainless steel sink, built-in oven, 4-ring hob with extractor over, breakfast bar
Bedroom (1) 4.46m x 3.29m
Bedroom (2) 3.45m x 2.52m
Shower Room 3.56m x 2.03m walk-in shower cubicle, washbasin with cupboard under, WC, heated towel rail, gas central heating boiler.

On the Second Floor:
FLAT B 36 CRESCENT STREET
Entrance Hall
Living Room 4.96m x 3.34m
Kitchen 4.75m x 3.79m fitted drawer, base and wall units, plumbed for washing machine, built-in oven and 4-ring hob.
Bedroom (1) 4.50m x 3.30m
Bedroom (2) 3.47m x 2.42m
Shower Room comprising shower cubicle, washbasin with cupboard under, WC, gas central heating boiler.

28 Union Street has access and right to the rear courtyard.

Brochures

Particulars

Energy Performance Certificates

EPCEPC Rating GraphEPC Rating GraphEPC Rating Graph

Crescent Street, Newtown, Powys, SY16

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newtown Station0.5 miles
  • Caersws Station4.8 miles
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About Morris Marshall & Poole, Newtown

10 Broad Street, Newtown, Montgomeryshire, SY16 2LZ

Welcome to Morris Marshall & Poole - Estate Agents and Chartered Property Surveyors

Established in 1862 the estate agents and property surveyors firm has been serving the community for over 150 years and has built up an enviable reputation for integrity and professionalism in the field of residential,commercial and agricultural services.

We now have 8 offices able to offer these services from the Welsh Coast through the heart of Mid Wales to the Borders and central Shropshire.

Residential Property Sales

Our aim is to get the best price for your home, quickly and with as little inconvenience as possible and to achieve this we combine attentive personal service with the latest marketing technology. Our valuers have extensive local knowledge gained through many years of experience and will offer you the best possible assistance with setting an asking price and maximising the sales potential of your property. All pre-sale advice is provided free of charge and without any obligation.

Residential Property Lettings

Letting a property can be a challenging process with many and changing legal issues that landlords need to be aware of. With over 600 properties on our books our dedicated team of lettings managers and staff offer a first class service to both individual buy to let landlords and professional landlords with multiple properties.

Property Valuation Survey and Building Services

Our team of Chartered Surveyors are able to conduct not only Valuations but also RICS HomeBuyer Reports and Full Building Surveys. We also are able to provide planning services including the preparation of full building plans for your building project and advice for property developers undertaking larger projects.

Agricultural Services

We have a dedicated team of specialist surveyors and auctioneers who will be pleased to offer advice on the sale and valuation of farms and agricultural land, livestock and machinery together with professional advice on the ever increasing number of agricultural schemes which form a vital part of any agricultural enterprise.

Commercial Property

Expert advice is available on the sale of all types of commercial property and businesses including freeholds, leaseholds and going concerns.

Notes

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Disclaimer - Property reference NEW250074. 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 Morris Marshall & Poole, Newtown. 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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