103 Stow Hill, Newport, Gwent, NP20 4EA
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
12
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Guide Price: £460,000+
RARE INVESTMENT OPPORTUNITY SUBSTANTIAL MULTI-INCOME GENERATING PROPERTY IN NEWPORT CITY CENTRE
Generating an impressive annual rental income of £71,760, with further potential to increase returns.
Sage & Co Auctions are delighted to offer this rare opportunity to acquire a substantial and beautifully presented multi-income generating investment property, ideally situated on the highly sought-after Stow Hill, within the heart of Newport.
This impressive building offers an attractive and diverse income stream, comprising 10 individual self-contained studios, a separate 2-bedroom apartment and a ground-floor commercial premises, making it an exceptional opportunity for investors seeking an established, high-yielding investment.
Eight of the studios have been refurbished and are presented to an excellent standard, each benefiting from its own kitchen and living accommodation, together with shared access to three shower rooms conveniently located off the communal hallway.
To the rear of the building is a spacious, self-contained two-bedroom apartment, which further benefits from parking facilities. The ground-floor commercial premises, positioned to the front of the building, provides an additional source of rental income.
The property currently generates an impressive rental income of £5,980 per calendar month (£71,760 per annum), with excellent potential to enhance these returns further through rental reviews and the refurbishment of the remaining two studios.
One studio is currently out of use. There is water ingress from a roof issue which needs to be fixed and the room refurbished before it can be brought back into use as lettable accommodation. The current owners had planned to hold this property long-term and undertake the works themselves. Sadly, an unexpected change in circumstances has led to the difficult decision to sell.
The quality of the accommodation, together with its desirable and convenient location, has consistently attracted strong demand and a good calibre of tenant, making this a particularly appealing and established investment opportunity.
Situated on Stow Hill, the property enjoys an attractive position near the cathedral, within a short walking distance of Newport city centre, which offers an extensive selection of shops, restaurants, leisure facilities and everyday amenities. Excellent transport connections are also readily available, with Newport's main railway and bus stations nearby, providing convenient access to Cardiff, Bristol and beyond.
A fantastic opportunity to acquire a substantial, established and high-yielding investment property in one of Newport's most convenient and desirable locations. With significant rental income already in place, further potential for growth and internally refurbished accommodation presented to an exceptional standard, we anticipate strong interest from investors seeking a valuable addition to their property portfolio.
Please note that images shown are from when units were vacant and should be used as an indication only
Accommodation
Commercial Shop £420.00 per calendar month. Currently let on an on-going commercial lease.
Basement Flat £650.00 per calendar month. Let on an on-going occupational contract.
Room 1 £595.00 per calendar month. Let on an on-going occupational contract.
Room 2 £360.00 per calendar month. Let on an on-going occupational contract.
Room 3 £550.00 per calendar month. Let on an on-going occupational contract.
Room 4 £595.00 per calendar month. Let on an on-going occupational contract.
Room 5 £595.00 per calendar month. Let on an on-going occupational contract.
Room 6 £595.00 per calendar month. Let on an on-going occupational contract.
Room 7 £530.00 per calendar month. Let on an on-going occupational contract.
Room 8 £495.00 per calendar month. Let on an on-going occupational contract.
Room 9 Currently vacant, offering potential for additional rental income.
Room 10 £595.00 per calendar month. Let on an on-going occupational contract.
Tenancy Details
Rental Income Summary
Total Current Monthly Rental Income: £5,980.00
Total Current Annual Rental Income: £71,760.00
(see accommodation list for full breakdown)
Tenure
Tenure is advised as Freehold
Applicable Fees Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at 1.20 inc. VAT of the final sale price (subject to a minimum of 1,195.00 inc. VAT).
Brochures
Legal DocumentsOnline Bidding- 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.
- Ask agent
- 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
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Affordability
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 373288. 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 Sage & Co Auctions, Cwmbran. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Sage & Co Auctions, Cwmbran on 01633 603899.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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