- 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
Commercial Property for sale in Powys
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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Morris Marshall & Poole (Newtown)
10 Broad Street, Newtown, Powys, SY16 2LZ
01686 626160
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