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Charles Street, Newport 4 bedrooms, £220,000 Freehold

  • NO ONWARD CHAIN
  • SITUATED IN THE HEART OF NEWPORT
  • A GREAT INVESTMENT OPPORTUNITY
  • SOLD WITH SITTING TENANTS.
  • POTENTIAL YIELD OF APPROX 7% - 7.5%

Ideal property situated in the heart of Newport City Centre. A great opportunity to invest in a commercial unit with residential and car park rental opportunities. The property also benefits from Planning permission to convert the ground floor unit into a Three bedroom flat.

Ideal property situated in the heart of Newport City Centre. A great opportunity to invest in a commercial unit with residential and car park rental opportunities. The property also benefits from Planning permission to convert the ground floor unit into a Three bedroom flat.


SUMMARY
Ideal property situated in the heart of Newport City Centre. A great opportunity to invest in a commercial unit with residential and car park rental opportunities. The property also benefits from Planning permission to convert the ground floor unit into a Three bedroom flat.


DESCRIPTION
Peter Alan are pleased to offer new to the market this part commercial/part residential property situated in the heart of Newport town, offering a Ground floor commercial unit which is currently vacant and has planning permission for a third residential property. First and Second floor two bedroom flats both with identical layouts and measurements comprising of Living room, kitchen, Two bedrooms and Bathroom and both currently occupied and offering a monthly rental income of £495 pcm. The property further benefits from rear parking area offering parking for approximately 15 cars which could offer a substantial income if rented out. The potential yield for the property in its entirety is estimated to be around 7% - 7.5%.

Commercial Unit
Front and rear commercial units with an approximate floor space of 346 Sq. Ft.

First Floor Flat
Comprising of Living room with Bay window, Kitchen, Bathroom and Two bedrooms. Gas central heating. Approximate floor space of 475 Sq.Ft.

Second Floor Flat
Mirror image of the First floor with approximate floor space of 475 sq.ft.

Rear Yard
Offering parking for approximately 15 Cars.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER PETER ALAN NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


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