2 bedroom property for sale

Cross Street, Abergavenny

01873 601971

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2 bed

0 bath

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Broadband: Super-fast 80Mbps *

Mobile signal:

EE O2 Three Vodafone

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Property description & features

Investment Opportunity
Freehold Property
Ground Floor Retail Space
Five Two bedroom Appartments
200m From Town Centre
Gross Income £43,400 p.a.

An excellent freehold investment opportunity located in a busy secondary shopping area just 200 metres from the centre of Abergavenny. The property comprises a ground floor lock up Class E (formerly A1) retail space of some 415 Sq Ft. The shop unit is currently let at an annual rent of £8,000.00 which is due for renewal later in 2024. To one side of the retail space is a separate Front Entrance door which leads to an inner hallway with a private entrance door to a ground floor, two bedroomed flat at the rear of the building. Within the communal hallway is a staircase which provides access to the first and second floors, each of which has two separate, self-contained two bedroom flats giving 5 x two bedroomed apartments in total all of which have been continuously let on Occupational Contracts (previously Assured Shorthold Tenancies) for some 13 years. The gross income from the property currently stands at £43,400 per annum which equates to a yield of just over 7% and this is due to rise this year to £47,000 following rent reviews of the flats. For further details, please contact owners agent Christie Residential

Tenure: Freehold

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Places of interest

Christie Residential - Abergavenny

53 Cross Street Abergavenny NP7 5EU

01873 601971

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Established in April 2004, the primary aim of Christie Residential is to assist buyers and sellers, landlords and tenants with their property requirements by providing sound advice and first rate customer service in and around the Abergavenny, Crickhowell and the surrounding areas. Over the years we have gained an excellent reputation for delivering impressive results and exceeding our clients’ expectations. We fully understand that in this competitive marketplace everyone has a choice but are confident that Christie Residential are the right choice for you and here are just a few reasons why: We offer an extensive online presence including Rightmove and Onthemarket.com Accompanied viewings at all times We are open from 9.00am until 6.00pm on weekdays and 4.00pm Saturdays, with out of hours’ appointments available on request We provide feedback after every viewing along with regular marketing reviews with statistical analysis Four page full colour brochures, professionally prepared with 3D floorplans on all Sales properties. Also a virtual tour of your property is provided as standard. A personalised service throughout the sales process; from marketing, securing an offer and through to a successful completion Christie Residential has a permanent central Abergavenny town centre location

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*DISCLAIMER

Property reference 12339128. 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 Christie Residential - Abergavenny.

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

Broadband availability and predicted speed: obtained from Ofcom on December 2, 2023

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 December 2, 2023

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.