* First Floor Flat
* Investment Opportunity
* Lounge, Breakfast Kitchen
* Two Bedrooms
* Bathroom
* Spacious accommodation
* 6. 25% Gross Yield based on current asking price
* Current rent of £500 pcm
* Gas Central Heating
* Grade II Listed
A Grade II Listed first floor flat with two bedrooms situated on the main road
through the sought after location of Newport. Currently paying a rent of
£500pcm giving a 6. 25% gross yield based on the current asking price.
_Brief_ _description_ A spacious first floor flat with a side access gives
access to a front door providing staircase and access to Flats A and B Upper
Bar. From the second floor an entrance door opens into the through Hall. The
Breakfast Kitchen looks out to the rear and has a range of base and wall
mounted units with space for cooker and further appliance. The Lounge has a
window looking out over the main High Street as do Bedrooms One and Two.
The Bathroom has a white three piece suite and window overlooking the rear.
Benefitting from gas central heating, no upward chain. Currently offering a
gross yield of 6. 25% (based on current asking price) this is an excellent
opportunity for an Investor purchaser.
_Location_ The property is just off the busy High Street, with its mix of
shops, boutiques, cafes, pubs and a Victorian indoor market - and is within
the catchment area of Newport's highly regarded Primary, High and Grammar
Schools. A wider selection of shops, amenities and employment opportunities
are available in Telford, Stafford and Shrewsbury - and the excellent rail
connections from Telford and Stafford mean Birmingham and Manchester are in
commutable distance.
_Entrance_ _hall_
_lounge_ _14' 5" x 11' 6" (4. 39m x 3. 51m)_
_breakfast_ _kitchen_ _12' 9" x 11' 1" (3. 89m x 3. 38m)_ max. Measurements
_bedroom_ _one_ _11' 8" x 10' 6" (3. 56m x 3. 2m)_
_bedroom_ _two_ _11' 8" x 8' 2" (3. 56m x 2. 49m)_ max.
_Bathroom_ _11' 9" x 7' 0" (3. 58m x 2. 13m)_
_tenure_ We are advised that the property is Leasehold and this will be
confirmed by the Vendors Solicitor during the Pre - Contract Enquiries. We are
advised there are 186 years remaining on the lease and that the current ground
rent is £100 per annum.
_Services_ We are advised that mains water, drainage, gas and electricity are
available. Barbers have not tested any apparatus, equipment, fittings etc or
services to this property, so cannot confirm that they are in working order or
fit for purpose. A buyer is recommended to obtain confirmation from their
Surveyor or Solicitor.
_Directions_ From the office in High Street, Newport proceed left towards
Upper Bar - the property will be found a short way along on the left hand side
over the Bet Fred premises.
_Local_ _authority_ Telford & Wrekin Council Southwater Square, St Quentin
Gate, Telford, TF3 4EJ. Council tax band A.
_Viewing_ _/_ _pre_ _sales_ _advice_ By arrangement with the Agents' office
at 1 Church Street, Wellington, Shropshire TF1 1DD.
Tel: Email:
_Method_ _of_ _sale_ For Sale by Private Treaty.
_Aml_ _regulations_ To ensure compliance with the latest Anti Money
Laundering Regulations all intending purchasers must produce identification
documents prior to the issue of sale confirmation. To avoid delays in the
buying process please provide the required documents as soon as possible. We
may use an online service provider to also confirm your identity. A list of
acceptable id documents is available upon request.
_Disclaimer_ We believe this information to be accurate, but it cannot be
guaranteed. The fixtures, fittings, appliances and mains services have not
been tested. If there is any point which is of particular importance please
obtain professional confirmation. All measurements quoted are approximate.
These particulars do not constitute a contract or part of a contract.
_WE27355. 180920_

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