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Property details

Property for sale

Tredegar Street, Risca, Newport. NP11 6BU £485,000

  • Davis & Sons - Newport

    20 Cambrian Road, Newport

    • Request details

      I would like to:
    • 01633 376250

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Bedrooms: 6

FANTASTIC OPPORTUNITY TO ACQUIRE

IN RISCA TOWN CENTRE

3 RETAIL SHOPS, 3 APARTMENTS & 1 MAISONETTE

ALL FULLY LET

Introduction

Davis and Sons are pleased to offer For Sale.

The opportunity to invest & own a block of shops and apartments right in the heart of Risca Town Centre does not come around very often.

3 Good size shops, 3 good size apartments & 1 Maisonette apartment all currently rented out and generating a rental income of Approx £41,600 per annum.

Viewing is highly recommended on this fantastic opportunity.

Shop

38 - 42 Tredegar Street.

A substantial double shop unit and is currently rented out to Bet Fred Book Makers with a rental income of Approx £12,500 per annum.

The property has been fully renovated with shop area, staff room, kitchen area and wc.

First Floor Apartment

FLAT 1 42A

1 bed apartment comprising:- open plan fully fitted kitchen / lounge, bathroom & 1 bedroom.

currently Let on a periodic tenancy agreement from March 2003 at Approx £350 pcm + £4,200 per annum.

First Floor Apartment

FLAT 2 42A

2 bedroom apartment comprising:- fully fitted kitchen, bathroom, 2 double bedrooms and spacious lounge.

Currently Let out on a periodic tenancy agreement from March 2012 at Approx £395 pcm = £4,740 per anuum.

Total income

38 - 42 Tredegar Street currently generating a rental income of Approx £21,440 per annum.

Shop

No 44 Tredegar Street.

The shop has been fully renovated and fitted out. Currently being rented out for a Tattoo Studio.

Property consists of;- Client waiting area with treatment areas, small kitchen, staff area and wc.

Currently on a 7 year lease commenced in August 2009 at Approx £400 pcm. = £4,800 per annum.

First Floor Apartment

1 bed apartment consisting of:- Fully fitted kitchen, spacious lounge, 1 bedroom and modern bathroom.

The apartment is currently rented out on a tenancy agreement from February 2015 for Approx £360 pcm = £4,320 per annum.

Total income

44 Tredegar Street is currently generating a rental Income of Approx £9,120 per annum.

Shop

46 Tredegar Street.

Impressive period building fully renovated situated on the corner of Tredegar Street. The shop is currently trading as the Tan Bank Tanning Studio briefly consists of:- Large customer waiting area with storage, cloakroom / wc, six tanning rooms sun showers etc. Inner hallway leading to further treatment rooms, storage and metre and gas room.

The property is currently Let on a 3 year lease from August 2014 at Approx £520 pcm = £6,240 per annum.

Maisonette Style Apartment

Superb size maisonette style apartment with separate ground floor entrance from rear yard.

The property consists of:- Open plan kitchen / dining room, utility room, feature lounge, 2 double bedrooms and fitted bathroom suite.

The property is currently Let at Approx £400 pcm = £4,800 per annum on a periodic tenancy agreement from April 2012.

Total income

46 Tredegar Street is currently generating a rental Income of Approx £11,040 per annum.

Neighbourhood average sold house prices

Terraced
£105,488
Semi-detached
£92,000

Based on 5 transactions covering the past 5 years. Prices are not adjusted for inflation. Data is supplied by the Land Registry.

  • Davis & Sons - Newport

    20 Cambrian Road, Newport

    • Request details

      I would like to:
    • 01633 376250