Crescent Street, Newtown, Powys, SY16

Guide Price
£299,950

Commercial Property for sale in Powys

  • Three Storey Investment Opportunity
  • 3 Apartments comprising
  • Spacious Ground Floor 1 Bedroom Apartment
  • First & Second Floor 2 Spacious 2 Bedroom Apartments
  • All Tenants are long standing
  • Located on corner of Crescent & Union Street
  • Offering a rent of £17,664 per annum with 5.9% yield
  • EPCs - D (65), C (71) & D (68) Exp 18.03.2035

Three Storey Investment Opportunity located on the corner of Crescent and Union Street. Prominent building within the town's Conservation Area with Apartments comprising Spacious Ground Floor 1 Bedroom Apartment, First & Second Floor 2 Spacious 2 Bedroom Apartments all in good order benefitting from UPVC double glazed windows and all flats on own meters and have gas boilers.
Offering a rent of £17,664 per annum against the current guide price a yield of 5.9% with potential to increase the rents. All Tenants are of longstanding nature with potential to increase the rents.
Only a short walk over Longbridge into town centre.   Newtown offers a range of amenities and facilities together with recreation facilities together with walks along the River Severn into Dolerw Park.

All with Long standing Tenants and the rents areL
Flat A 36 Crescent Street – Rent £476 pcm
Flat B 36 Crescent Street – Rent £476 pcm28 Union Street – Rent £520 pcm

Total Rent: £1,472 pcm (£17,664 per annum)

The accommodation comprises:
28 UNION STREET FLAT:
Ground Floor Flat with access direct onto Union Street there is also a further entrance into the communal side entrance which serves Flat A & Flat B 36 Crescent Street with access onto Crescent Street.
Entrance Hall with door to Cellar, door to rear private courtyard.
Living Room 4.11m x 4.90m
Bedroom (1) 4.88m x 3.35m
Kitchen 3.69m x 3.65m range of fitted units with base, wall and worktop surfaces, built-in oven, hob with extractor over, plumbed for washing machine
Shower Room with shower cubicle, washbasin with cupboard under, WC, wall mounted gas central heating boiler.
Approached from Crescent Street via a ground floor entrance door into Communal area with staircase to Flat A, 36 Crescent Street & Flat B 36 Crescent Street (2nd floor).

On the Ground Floor:
FLAT A 36 CRESCENT STREET
Entrance Hall with plumbing for washing machine
Living Room 3.79m x 4.68m
Kitchen 3.24m x 3.31m base and wall units, worktop surfaces, inset stainless steel sink, built-in oven, 4-ring hob with extractor over, breakfast bar
Bedroom (1) 4.46m x 3.29m
Bedroom (2) 3.45m x 2.52m
Shower Room 3.56m x 2.03m walk-in shower cubicle, washbasin with cupboard under, WC, heated towel rail, gas central heating boiler.

On the Second Floor:
FLAT B 36 CRESCENT STREET
Entrance Hall
Living Room 4.96m x 3.34m
Kitchen 4.75m x 3.79m fitted drawer, base and wall units, plumbed for washing machine, built-in oven and 4-ring hob.
Bedroom (1) 4.50m x 3.30m
Bedroom (2) 3.47m x 2.42m
Shower Room comprising shower cubicle, washbasin with cupboard under, WC, gas central heating boiler.

28 Union Street has access and right to the rear courtyard.

Important Information

  • This is a Freehold property.

Property Ref: 78564951_NEW250074

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