Retail premises for sale in Chepstow Road, Newport NP19
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Location
The property is situated on Chepstow Road, an established commercial and residential close to Newport city centre.
Description
The subject property comprises a 2-storey mid-terraced building of traditional brick construction under a pitched roof.
Internally, the ground floor retail unit is let to Mirrors Hair & Beauty, together with a 1-bed self-contained flat to the first floor. There is a garden to the rear.
Accommodation
The property comprises the following approximate Net and Gross Internal Floor Areas:
Description sq. M sq. Ft
Retail Unit – gf
122.13
1,315
Flat (ff) – 1-bed
57.92
623
total 180.05 1,938
Tenure
Freehold, subject to the lease to the ground floor, expiry 14th February 2026 at a rental of £7,200 per annum. The flat is vacant but was recently let at £550 pcm (£6,600 per annum), giving a total income of £13,800 per annum.
A copy of the lease is available.
Price
Offers in the region of £155,000 are invited for the freehold interest, representing a gross yield of 8.9%.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
NP Linnells, NP20 on +44 1633 371454 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by NP Linnells, and do not constitute property particulars. Please contact NP Linnells 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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