Property photos
Freehold
Guide price
£240,000
3 bed property for sale
Commercial Road, Newport NP203 beds
1 bath
2 receptions
Key Information
Local area information
Property location
Nearby amenities
- Pillgwenlly C.P. School 0.2 miles
- St Michael's R.C. Primary School 0.3 miles
- Newport (South Wales) 0.9 miles
- Newport (S Wales) Ferry Terminal 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Unfurnished
- Freehold
- Exceptional Investment Opportunity. A3 License Unit, Rear Yard & Very Large 3 Bedroom Maisonette
- Central Busy Location In An Up & Coming Area Of Newport. High Foot Flow & Rental Demand
- Fully Refurbished Throughout With Large Spacious Accommodation
- Fully Occupied/Let With A Strong Current Yield (8.5%) & Further Scope To Increase Revenue Streams
- Off Road Parking, Rear Access & Storage Area Full Of Potential.
- Combi Gas Central Heating, UPVC Double Glazing & High Quality Decor Throughout
- ******must view******* Guide Price £240,000 - £260,000.
An Exceptional Investment Opportunity set in a central location in the city of Newport on a thriving, vibrant street with high foot flow and rental demand, is this mixed use building made up of a large 3 bedroom, 2 storey maisonette with separate rear access and an A3 licensed unit operating as a cafe, all recently fully refurbished to a high standard throughout. Currently fully occupied/let with a strong yield (approx 8.5%) £1750pcm and excellent opportunities to further increase revenue. The property further boasts a large yard to the rear with parking options, secure gated access and ample storage possibilities.
A short walk from the city centre and its main train station plus great road links via the sdr & M4 motorway and the fact it's set in an area with vast future plans and council planned improvements, further makes this an excellent choice for investors looking for initial returns, but also longer term capital growth. A must view, the agents strongly advise viewing in order to fully appreciate all that this property has to offer.
Section 21: Declaration of interest Section 21 of the Estate Agency Act 1979 applies in this case as the seller is associated with Red Dragon Estates Ltd.
A short walk from the city centre and its main train station plus great road links via the sdr & M4 motorway and the fact it's set in an area with vast future plans and council planned improvements, further makes this an excellent choice for investors looking for initial returns, but also longer term capital growth. A must view, the agents strongly advise viewing in order to fully appreciate all that this property has to offer.
Section 21: Declaration of interest Section 21 of the Estate Agency Act 1979 applies in this case as the seller is associated with Red Dragon Estates Ltd.
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
Listed by
Red Dragon Estates Ltd
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Property descriptions and related information displayed on this page are marketing materials provided by - Red Dragon Estates Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Red Dragon Estates Ltd for full details and further information.