Retail/Residential Investment with HMO Potential
This retail/residential investment is located on Clytha Park Road, a busy retailing parade a short distant walk from Newport City Centre and Newport Railway Station. There is a great mix of local and national retailers in this area including TESCO Express, Well Pharmacy, Meat and The Cellar Door.
See Legal Pack
Ground Floor Fish & Chip Shop, let until 2022 on a FRI lease at a rent of £15,000 p.a.x. There is a lock up unit which previously generated an income of £200 pcm. This could be used as archive storage or would be ideal for a sandwich bar or nail bar.
A large vacant flat which could generate an income of £500 pcm, there is potential to convert this to a 3/4 bed HMO, subject to the relevant planning consents.
We have been informed that VAT will be payable on part of this transaction.
Thursday 2nd May 15.00-15.30 Thursday 9th May 15.00-15.30
Energy Efficiency Rating (EPC)
Current Rating G & E
Newport City Council
Star Legal Abergavenny, Tiverton House, Lion Street, Abergavenny, NP7 5PN, Ref: FAO Heath Marshall, Tel: 01873 736536
Buyer's Premium - £600 inc VAT payable on exchange of contracts.
Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.