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Freehold Retail Shop Investment
Comprises a ground floor retail unit
Prominent High Street Location
Short distance from The Market Place Shopping Centre
VAT is not applicable to this property
Nearby occupiers include Poundland, Argos, hsbc and Cancer Research
Investment Consideration: Gross Initial Yield: 8.78% Rental Income: £8,340 p.a. VAT is not applicable to this property Prominent High Street Location Short distance from The Market Place Shopping Centre The property comprises a ground floor retail unit which forms part of a larger building Tenant trading as a café called Tamp & Grind Coffee. Second location Nearby occupiers include Poundland, Argos, hsbc, William Hill, Cancer Research amongst other local traders.
Property Description: The property comprises a ground floor retail unit which forms part of a larger building.
The property provides the following accommodation and dimensions: Ground Floor Shop: 36.20 sq m (389 sq ft)
Tenancy: The shop is at present let to an Individual t/a as Tamp & Grind Coffee (café) for a term of 3 years from 1st August 2020 at a current rent of £8,340 per annum and the lease contains full repairing and insuring covenants. The tenant has option to determine on 31st January 2022. Rent deposit held of £1,390.
Location: Blackwood is a popular commuter town just 12 miles north-west of Newport and 15 miles north of Cardiff. The property is situated in the heart of the town centre, occupying a prominent corner position fronting High Street and its junction with the pedestrianised Hall Street. The Market Place Shopping Centre is just a short distance away, housing retailers such as Boots, Thomas Cook and Dorothy Perkins. Other nearby occupiers include Poundland, Argos, hsbc, William Hill, Cancer Research, amongst other local traders.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
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