Commercial Road, Newport. NP20 2PH
£199,950
Guide price
Guide price
Bedrooms: 2
INVESTMENT OPPORTUNITY.
Property fronting onto Commercial Road
in Pill in Newport, a mix of residential
and commercial properties.
consisting of commercial Shop, 2 x 1 bedroom apartments
and rear garage / workshop.
Viewing is highly recommended
Introduction
We are very pleased to offer for sale this investment opportunity with the property fronting onto Commercial Road in Pill in Newport, a mix of residential and commercial properties. The property is currently set up over 4 floors, with commercial shop used as a cash and carry storage area, fronting onto Commercial Road with separate side entrance with walk through access to the rear, stairs then up to the residential accommodation located above the shop on Commercial Road. First floor you have a one bedroom apartment currently tenanted and achieving £360 pcm = £4,320 pa.To the upper floors you have a 1 bedroom apartment currently Let at £400 pcm = £4,800 pa.The commercial shop storage area currently Let to the cash and carry located next door at £250 pcm = £3,000 pa. Work shop with rear access to the rear of Commercial Road with electric roller shutter door is currently on the market for lease at £450 pcm = £5,400 pa.
Rental income
Currently with a gross rental income of £17,520 .The residential apartments would benefit from modernising with the potential to increase the rents to £500 pcm.
Shop
Large shop window frontage, currently used as storage from the cash and carry next door.
Rear workshop
Currently on the market to Lease at £475 pcm, with electric roller shutter door, security alarm system, power and lighting. Approx 666 sq ft.
Accommodation
Residential apartments.
Apartment 1
First floor one bedroom apartment.
Spacious lounge, fully fitted kitchen, shower room, double bedroom. Independent central heating system with combination boiler.
Apartment 2
Entrance hallway, spacious lounge, double bedroom, fully fitted kitchen and shower room. Independent central heating system with combination boiler.
Investment
Ideal investment opportunity and viewing is highly recommended.
Property fronting onto Commercial Road
in Pill in Newport, a mix of residential
and commercial properties.
consisting of commercial Shop, 2 x 1 bedroom apartments
and rear garage / workshop.
Viewing is highly recommended
Introduction
We are very pleased to offer for sale this investment opportunity with the property fronting onto Commercial Road in Pill in Newport, a mix of residential and commercial properties. The property is currently set up over 4 floors, with commercial shop used as a cash and carry storage area, fronting onto Commercial Road with separate side entrance with walk through access to the rear, stairs then up to the residential accommodation located above the shop on Commercial Road. First floor you have a one bedroom apartment currently tenanted and achieving £360 pcm = £4,320 pa.To the upper floors you have a 1 bedroom apartment currently Let at £400 pcm = £4,800 pa.The commercial shop storage area currently Let to the cash and carry located next door at £250 pcm = £3,000 pa. Work shop with rear access to the rear of Commercial Road with electric roller shutter door is currently on the market for lease at £450 pcm = £5,400 pa.
Rental income
Currently with a gross rental income of £17,520 .The residential apartments would benefit from modernising with the potential to increase the rents to £500 pcm.
Shop
Large shop window frontage, currently used as storage from the cash and carry next door.
Rear workshop
Currently on the market to Lease at £475 pcm, with electric roller shutter door, security alarm system, power and lighting. Approx 666 sq ft.
Accommodation
Residential apartments.
Apartment 1
First floor one bedroom apartment.
Spacious lounge, fully fitted kitchen, shower room, double bedroom. Independent central heating system with combination boiler.
Apartment 2
Entrance hallway, spacious lounge, double bedroom, fully fitted kitchen and shower room. Independent central heating system with combination boiler.
Investment
Ideal investment opportunity and viewing is highly recommended.
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