Retail premises for sale in High Street, Blackwood NP12

Fixed price £95,000 (£244.22/sq. ft)
Retail premises for sale 389 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • 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

Property description

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.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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