Retail premises for sale in Church Road, Newport NP19, £320,000

320,000.00

Offer Nr.:
62873172
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
NP Linnells
Phone(s):
01633 371454

**Location**
The subject property is situated on Church Road within a mixed - use retail and
residential location approximately 1. 6 km (1 mile) from Newport city centre.
Newport City Centre has recently undergone widespread regeneration programmes
including the Friars Walk Shopping Centre, The Indoor Market and Central
Point.
**Description**
The property comprises a 2 - storey end - terraced building of traditional brick
construction under pitched roof coverings. .
Internally, the property provides 2 no. Retail units to the ground floor
together with 2 no. Self - contained 1 - bed flats to the first floor.
**Accommodation**
The property comprises the following approximate Net Internal Floor Areas:
Retail 1 47. 07 sq. M 507 sq. Ft
Retail 2 31. 06 sq. M 334 sq. Ft
Flat 1 43. 57 sq. M 468 sq. Ft
Flat 2 30. 71 sq. M 331 sq. Ft
total 152. 41 sq M 1, 640 sq ft
**Tenure**
The property is available freehold, subject to the AST’s to the residential
flats at £5, 700 per annum to flat 1 and £6, 600 per annum to flat 2.
**Price**
£320, 000, reflecting a potential yield of 8. 0% upon letting the retail units.

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