184-186, Corporation Road, Newport, NP19 0DQ

*** SUBSTANTIAL Mixed-Use FREEHOLD INVESTMENT *** Ground-Floor RETAIL and FOUR RESIDENTIAL FLATS *** GROSS YIELD Approx 17% *** PROMINENT Corner Position on BUSY CORPORATION ROAD within CITY Centre *** Links to all Road Networks for M4 for CARDIFF and BRISTOL *** EMAIL to REGISTER INTEREST and to VIEW ***

A substantial mixed-use FREEHOLD INVESTMENT comprising a ground-floor retail unit together with FOUR RESIDENTIAL FLATS, all currently let and producing a combined rental income of £55,200 per annum. Occupying a prominent corner position on Corporation Road, the property is offered as a straightforward investment sale with a gross yield of approximately 17.0% based upon the asking price.

THE PROPERTY

184–186 Corporation Road is a substantial and established Mixed Commercial and Residential Investment Property, prominently positioned on a corner junction within Newport.

The accommodation is arranged with a ground-floor retail unit, incorporating the main shop area, and ancillary storage, together with four residential flats arranged over the first and second floors.

The property has had strong occupancy levels over a number of years and Adre Properties are advised it is currently producing a combined rental income of £4,600 per calendar month, equivalent to £55,200 per annum.

The ground-floor commercial premises are currently not trading from the premises; However, Adre Properties are advised that the premises remain let, rent continues to be paid and refurbishment of the unit is proposed.

At the asking price of £325,000, the existing income represents an attractive gross yield of approximately 17.0%, making this a particularly interesting opportunity for an investor seeking an established mixed-use asset with both commercial and residential income streams.

LOCATION

Corporation Road is an established and busy thoroughfare on the Eastern side of Newport, with the property occupying a particularly visible corner position at a road junction.

The surrounding area contains a mixture of residential property, retail premises and local businesses, with a wide range of day-to-day amenities and services readily accessible.

Newport City Centre is within easy walking reach and the city has benefited from considerable regeneration and investment in recent years.

good convenient access to the wider road network, including the M4 motorway, providing connections towards Cardiff, Bristol and beyond, together with public transport services throughout Newport.

ACCOMMODATION

GROUND FLOOR RETAIL UNIT

Approx. 85 sq m (915 sq ft)

Retail premises with shop floor with ancillary storage accommodation to the rear.

FIRST FLOOR

184A CORPORATION ROAD

Approximate Gross Internal Area: 41.1 sq m (442 sq ft)

LIVING ROOM & KITCHEN
5.43m x 3.50m (1710" x 116") maximum
Open plan living and kitchen accommodation.

BEDROOM 1
2.63m x 2.13m (88" x 70")

BEDROOM 2
3.37m x 2.80m (111" x 92")

BATHROOM
2.26m x 1.92m (75" x 64")

186A CORPORATION ROAD

Approximate Gross Internal Area: 54.9 sq m (591 sq ft)

LIVING ROOM & KITCHEN
5.67m x 2.98m (187" x 99") maximum
Irregular-shaped open-plan living and kitchen accommodation.

BEDROOM 1
3.02m x 2.17m (911" x 71")

BEDROOM 2
3.38m x 2.93m (111" x 97") maximum

BEDROOM 3
2.73m x 2.34m (811" x 78")

BATHROOM
2.84m x 1.80m (94" x 511") approximately

SECOND FLOOR

184B CORPORATION ROAD

Approximate Gross Internal Area: 30.3 sq m (326 sq ft)

LIVING SPACE / KITCHEN
7.07m x 5.54m (232" x 182") maximum
Open-plan accommodation incorporating kitchen area.

SHOWER ROOM
1.87m x 1.66m (62" x 55") approximately
 

186B CORPORATION ROAD

Approximate Gross Internal Area: 34.4 sq m (370 sq ft)

LIVING SPACE / KITCHEN
7.37m x 5.30m (242" x 175") maximum
Open-plan accommodation incorporating kitchen area.

SHOWER ROOM
2.01m x 1.70m (67" x 57") approximately

TENANCIES & RENTAL INCOME

Unit

Current Rent

Annual Equivalent

Ground Floor Retail Unit

£1,000 pcm

£12,000 pa

186A Corporation Road

£1,150 pcm

£13,800 pa

184A Corporation Road

£850 pcm

£10,200 pa

186B Corporation Road

£800 pcm

£9,600 pa

184B Corporation Road

£800 pcm

£9,600 pa

TOTAL

£4,600 PCM

£55,200 PA

The commercial premises are understood to be held under a five-year lease.

INVESTMENT SUMMARY

ASKING PRICE: £325,000
CURRENT MONTHLY RENT: £4,600
CURRENT ANNUAL RENT: £55,200
GROSS YIELD AT ASKING PRICE: approximately 16.98% - 17.0%

The property therefore provides an opportunity to acquire an income-producing freehold investment with five separate rental streams, comprising both commercial and residential accommodation.

TENURE

FREEHOLD.

The property is to be sold subject to the existing occupational interests.

COUNCIL TAX

We understand that the residential accommodation is assessed within Council Tax Band B. Interested parties should make their own enquiries with Newport City Council.

VIEWING

STRICTLY BY APPOINTMENT WITH ADRE PROPERTIES

MATERIAL INFORMATION DISCLAIMER

Please Note: Material Information provided by Adre Properties Ltd, is obtained from third-party sources and is meant solely for guidance. While every effort has been made to offer accurate descriptions and information, we cannot ensure their completeness or correctness. Adre Properties Ltd assumes no liability for any inconsistencies or errors found within this information.

ADRE PROPERTIES Limited are LICENSED LETTING AGENTS in WALES (Rent Smart Wales) #LR-69126-2793

AWARDED SILVER and SECOND-BEST Estate Agents in WALES in the Industry NEGOTIATOR AWARDS SHORTLISTED in the BEST SMALL LETTING AGENTS in the Whole of the UK for the SECOND YEAR, Adre Properties is GROWING THROUGH REPUTATION.

Adre Properties is an affordable and professional HYBRID (ON-LINE SEVEN DAYS a WEEK and on the HIGH STREET) Estate Agent dedicated to the South Wales and BRISTOL Region and other Regions by Request. If you have either a property to SELL or RENT, then give us a call to find out why we have been AWARDED SECOND BEST Estate and Letting Agent in WALES and see how we Can WORK for you!

Adre, Adre Properties, Adre Sales, Adre Boutique, Adre Lettings, Adre Commercial, and MyHouseMove.co.uk are Trading names of Adre Properties Ltd.

ADRE PROPERTIES Limited are LICENSED LETTING AGENTS in WALES (Rent Smart Wales) #LR-69126-27932

CONSUMER PROTECTION REGULATIONS (CPRs)

References to the Tenure of a Property are based on information supplied by the Landlord. Adre Properties Ltd has not had sight of the title documents.

Items shown within photographs and videos are NOT included unless otherwise stated.

All room / land sizes are approximate.

PLEASE NOTE: The Photographs and Video are for Marketing Purposes ONLY.

Where Applicable: The Mandatory Interconnected Wired-In Smoke Alarms and CO2 Alarms may not always be visible in the marketing media. Very rarely, there may still be historic battery alarms visible in the marketing media. We kindly request if you have any questions, you contact our Lettings Team at Adre Properties in the first instance where we can demonstrate the Property Compliance.

Disclaimer Regarding Imagery & Representations

Neither Adre Properties Ltd, Vendor | Landlord, nor any third-party provider accepts liability for any inaccuracy, omission, or misrepresentation in the imagery or marketing materials.

Photographs, floorplans, videos and other media used in this listing are provided for illustrative purposes only. Whilst every effort has been made to ensure accuracy, images appearance of the property may differ in reality due to factors such as camera lens, perspective, lighting, weather conditions, time of day, and presentation at the time of photography, digital enhancement, virtual staging, computer-generated imagery (CGI), or other automated tools supplied by third-party providers. This means that certain features (including but not limited to colour tones, finishes, lighting, landscaping, fixtures, and furnishings) may appear altered or enhanced for presentation purposes.

The particulars do not constitute or form part of an offer or contract, and no warranty is given as to the accuracy of the images or descriptions. Adre Properties Ltd accepts no responsibility for any variation between the images shown and the actual property.

Prospective Purchasers, Contract Holder | Tenants | Licensees are strongly advised to undertake their own assessment to satisfy themselves by inspection or other appropriate means as to the actual condition, layout and features of the property and the property’s condition and suitability

All measurements, descriptions, and media are provided in good faith as a general guide and must not be relied upon as statements of fact.

All land | room sizes are approximate.  Electrical, central heating, plumbing and drainage installations may be noted in the particulars on the basis of a visual inspection only.  They have not been tested and no warranty of condition or fitness is implied by their inclusion in either photographs, video or written particulars.  It is strongly recommended that potential Purchasers | Licensees make their own enquiries as to the condition of any appliances, installations or any element of the structure or fabric of the property.

Adre Properties Ltd stress that all prospective Purchasers | Licensees must satisfy themselves as to the condition of the structure and all installations and we strongly recommend that  a survey should be undertaken prior to the Purchase | Lease.  The Property in most cases unless differently advised will be Sold | Let as seen.

COPYRIGHT

The information on this website is the copyright of Adre Properties Ltd. Prospective Purchasers | Licensees may download, store, and use the material for both their own personal consideration and for those people they may need to consult with. However, unless the permission of Adre Properties Ltd has been sought, under NO circumstances may any content, be republished, retransmitted, redistributed or otherwise so that it causes the material to become available to any party or on any website, online service or bulletin board or reproduced as a hard copy or in other media form.

REFERRAL ARRANGEMENTS

Adre Properties Ltd may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services, and you should always consider your options before services are accepted. Where services are accepted Adre Properties Ltd, or our Service Providers may receive payment for the recommendation, and you will be informed of any referral arrangement and payment prior to any services being taken by you.

MONEY LAUNDERING REGULATIONS

Adre Properties Ltd are required by law to conduct anti-money laundering checks on all those selling or buying a property or are renting. Whilst Adre Properties retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Credas who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.  Vendors, Purchasers, Contract Holders | Tenants | | Licensees will be required under Money Laundering Regulations to produce identification to prove their identity and address i.e. Passport or Photo Driving Licence and a recent Utility Bill / Bank Statements from the last 3 months and their proof of funds and if applicable a mortgage agreement in principle document.

MATERIAL INFORMATION DISCLAIMER

Please Note: Material Information provided by Adre Properties Ltd, is obtained from third-party sources and is meant solely for guidance. While every effort has been made to offer accurate descriptions and information, we cannot ensure their completeness or correctness. Adre Properties Ltd assumes no liability for any inconsistencies or errors found within this information.

ADRE PROPERTIES Limited are LICENSED LETTING AGENTS in WALES (Rent Smart Wales) #LR-69126-27932

AWARDED SILVER and SECOND-BEST Estate Agents in WALES in the Industry NEGOTIATOR AWARDS SHORTLISTED in the BEST SMALL LETTING AGENTS in the Whole of the UK for the SECOND YEAR, Adre Properties is GROWING THROUGH REPUTATION.

Adre Properties is an affordable and professional HYBRID (ON-LINE SEVEN DAYS a WEEK and on the HIGH STREET) Estate Agent dedicated to the South Wales and BRISTOL Region and other Regions by Request. If you have either a property to SELL or RENT, then give us a call to find out why we have been AWARDED SECOND BEST Estate and Letting Agent in WALES and see how we Can WORK for you!

Adre, Adre Properties, Adre Sales, Adre Lettings, Adre Commercial, and MyHouseMove.co.uk are Trading names of Adre Properties Ltd.

ADRE PROPERTIES Limited are LICENSED LETTING AGENTS in WALES (Rent Smart Wales) #LR-69126-27932

CONSUMER PROTECTION REGULATIONS (CPRs)

References to the Tenure of a Property are based on information supplied by the Landlord. Adre Properties Ltd has not had sight of the title documents.

Items shown within photographs and videos are NOT included unless otherwise stated.

All room sizes are approximate. Electrical, central heating, plumbing and drainage installations are all connected.