3 bedroom property for sale
Investment Opportunity. Commercial Road, Newport
Property
3 beds
1 bath
Key information
Features and description
- Exceptional Investment Opportunity. A3 License Unit, Rear Yard & Very Large 3 Bedroom Maisonette
- Central Busy Location In An Up & Coming Area Of Newport. High Foot Flow & Rental Demand
- Fully Refurbished Throughout With Large Spacious Accommodation
- Fully Occupied/Let With A Strong Current Yield (9.5%) & Further Scope To Increase Revenue Streams
- Off Road Parking, Rear Access & Storage Area Full Of Potential.
- Combi Gas Central Heating, UPVC Double Glazing & High Quality Decor Throughout
- *must view*
An Exceptional Investment Opportunity set in a central location in the city of Newport on a thriving, vibrant street with high foot flow and rental demand, is this mixed use building made up of a large 3 bedroom, 2 storey maisonette with separate rear access and an A3 licensed unit operating as a cafe, all recently fully refurbished to a high standard throughout. Currently fully occupied/let with a strong yield (approx 9.5%) £1900pcm and excellent opportunities to further increase revenue. The property further boasts a large yard to the rear with parking options, secure gated access and ample storage possibilities.
A short walk from the city centre and its main train station plus great road links via the SDR & M4 motorway and the fact it's set in an area with vast future plans and council planned improvements, further makes this an excellent choice for investors looking for initial returns, but also longer term capital growth. A must view, the agents strongly advise viewing in order to fully appreciate all that this property has to offer.
Please note, the Vendors will only consider offers from Cash purchasers!
Section 21: Declaration of interest Section 21 of the Estate Agency Act 1979 applies in this case as the seller is associated with Red Dragon Estates Ltd.
Tenure: Freehold
A short walk from the city centre and its main train station plus great road links via the SDR & M4 motorway and the fact it's set in an area with vast future plans and council planned improvements, further makes this an excellent choice for investors looking for initial returns, but also longer term capital growth. A must view, the agents strongly advise viewing in order to fully appreciate all that this property has to offer.
Please note, the Vendors will only consider offers from Cash purchasers!
Section 21: Declaration of interest Section 21 of the Estate Agency Act 1979 applies in this case as the seller is associated with Red Dragon Estates Ltd.
Tenure: Freehold
About this agent
Full profileProperty listings
Red Dragon Estates is an Independent Estate, Letting and Property Management Agency, based on Bridge Street in Newport City Centre. With over 30 years in the property Industry, we recognise that the quality of service is essential to success! Red Dragon Estates always strives to ensure that the needs of our Clients come first and our friendly and professional team are always on hand to help. We don’t believe everything new is good and so we embrace the latest technology and invest heavily in other forms of advertising to ensure maximum results for our Clients. We also pride ourselves on to the traditional way we do business and this is what sets us apart from our competitors. Whether selling or letting, buying or renting, you can be assured that the team at Red Dragon Estates will do everything they can to ensure a smooth transaction.