Property Unavailable
£179,950

Terraced house for sale in Bridge Street, Newport, NP20 (ref: 94492)

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Key Features

  • Freehold Building
  • Commercial Office (Ground Floor & Basement)
  • Planning for 2 Residential Flats
  • Plans - 1s & 2nd Floor - 1 Bedrooms
  • City Centre Location
  • Parking 3 Cars
  • Tenanted @ £10,000 PA
  • Investment Opportunity
  • Commercial tenant in place
  • Good commuter links to M4 , Cardiff and Bristol
Freehold Office Investment with planning for 2 Residential Flats Above. Entirely let to a letting agents £10,000 pa. Opposite entrance to railway station. Close to Friars walk shopping center. Plus, additional flats £5,700 x 2 flats when refurbished £11,400. The above office space could be let individual rooms to other business , 6 office rooms @ approx £200 pcm = £1,200 pcm fully let

Tenure - Freehold

Location - Newport is the principal administrative and commercial centre for Gwent. The town is situated 13 miles east of Cardiff, 16 miles west of the Severn Bridge, and 28 miles to Bristol , it benefits from excellent road communications, being adjacent to junctions 24-28 of the M4 Motorway. In addition, there are regular InterCity services to London (Paddington). The property is situated in the heart of the town centre, opposite travel lodge and railway station, which leads to Friars Walk Shopping Centre, a new 390,000 sq ft scheme, which opened in 2015, providing restaurants, cinemas and shopping. Newport is a principal administrative and commercial centre for Gwent and 13 miles east of Cardiff

? In close proximity to the M4 Motorway and A48
? Benefiting from regular rail services to Cardiff and London
? The property is situated opposite the train station , close to the pedestrianised Commercial Street, an established trading location

Additional Information - ? The property is arranged on lower ground, ground and two upper floors
? The lower ground and ground floors provide office and ancillary accommodation
? The first floor has planning granted for a 1 bed flat
? The second has planning granted for a 1 bed flat
? Outside rear access parking for 3 cars

Accommodation - Ground floor sales & Basement Ancillary 75 sqm ( 807sqft)
First floor residential 1 bed with planning 45 sqm ( 484sqft)
Second floor residential 1bed with planning 45 sqm ( 484sqft)
Total 165 sqm (1,775 sqft)

Tenancy - The entire property is at present let to a Letting agents , a lease can be formed for an additional 3 years current rent of £10,000 per annum.

Tenant Information - Agents have been operating for 6 years

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Location

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