9 Severn Street, Newtown, Powys, Mid Wales, SY16

Investment Consideration:
Gross Initial Yield: 8.67%
Rental Income: £15,600 p.a.
VAT is NOT applicable to this property
Comprises takeaway shop with large residential flat at first and second floor
Benefits from storage outbuilding and basement
Future redevelopment potential to self-contain the flat, STTP
Located in the heart of the town centre with occupiers nearby include Costa Coffee, HSBC, Nationwide, Restaurants, Cafe and more.

Property Description:
Comprises ground floor takeaway with additional storage outbuilding. The takeaway comes with fully equipped commercial kitchen and ready for occupation. The residential flat above comprises 4 rooms and 2 bathrooms, providing the following accommodation and dimensions:
Ground Floor: 34 sq m (366 sq ft)
Open plan takeaway, commercial kitchen
Storage: 31 sq m (333 sq ft)
Open plan storage
First Floor: 40 sq m (430 sq ft)
2 rooms, bathroom
Second Floor: 40 sq m (430 sq ft)
2 rooms, bathroom
Total GIA: 145 sq m (1,559 sq ft)

Redevelopment potential to self-contain the residential flat, STTP.

Tenancy:
The entire property is at present let to an Individual for a term of 10 Years from 20th February 2026 at a current rent of £15,600 p.a. and the lease contains full repairing and insuring covenants. Rent review 20.02.31 linked to RPI. Tenant option to determine on 20.02.31 with min 6 months notice. Deposit held of £3,900.

Location:
Newtown is the largest town in the county of Powys, located 13 miles south of Welshpool and 36 miles south-west of Shrewsbury. The town is situated on the River Severn at the junction of the A489 and the A483. Newtown (Powys) Rail Station provides frequent rail services to Birmingham International, Shrewsbury and Aberystwyth. The property is situated in the heart of the town centre with occupiers nearby include Costa Coffee, Nationwide and more.