Retail premises for sale in High Street, Blackwood NP12

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.