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Business Please quote reference B06115
Hilton Smythe welcomes to the market this freehold two-storey property, which yields an annual turnover of £22,500 per annum from rental income.
This superb investment property benefits from regular rental income from a long-term retail tenant, with the current lease having 5 years remaining.
The property is in good order, updated to a high standard and in good decorative order, the property is a part managed shopping centre. We feel this property would benefit from a serious investor or investors alike.
This is a rare opportunity to purchase a substantial property with a good yield of 6.4% with anticipated growth and rental increases, in a fantastic location, we highly recommend early viewing to fully appreciate.
Location Blackwood is a busy town situated on the A4048,10 miles northwest of Newport and 16 miles north of Cardiff, serving a population of some 23,000. The town enjoys easy access to the M4 Motorway (Junction 32) which is 10 miles to the south. The town has a growing number of light industrial and high-tech firms.
The property is situated at the edge of the Market Place Shopping Centre, on the west side of High Street. Situated in the heart of Blackwood town centre and a very short walking distance from Blackwood bus station ensures the business has excellent footfall. The property is surrounded by a plethora of major businesses on the high street and within Blackwood Shopping Centre.
Premises Ground Floor - 208 sq m (2,239 sq ft)
First Floor - 207.5 sqm (2,234 sq ft)
Shop Depth - 25.34m
Building Depth - 25.95m
Tenure We are advised that the investment opportunity is being sold on a Freehold basis.
Financial Profile N/A as its a Freehold Investment Opportunity.
For more information about this property, please contact Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)
Contact Hilton Smythe Business Sales about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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.