No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£250,000
Added > 14 days

3 bedroom property for sale

Investment Opportunity. Commercial Road, Newport
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Property
3 bed
1 bath

Key information

Tenure: Ask agent
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal: 
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
Discover more information

Property description & features

  • 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

Places of interest

    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.

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    *DISCLAIMER

    Property reference 12006053. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Red Dragon Estates - Newport.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on April 28, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on April 28, 2022

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.