Features
- Traditional Grade II Listed 3 storey mixed-use investment property comprising ground and first floor hair & beauty salon with separate self-contained two-bedroom residential apartment above.
- Occupying an established retail location in Newport town centre with on-street parking and other amenities nearby.
- Recently refurbished and well-appointed accommodation providing an attractive investment opportunity producing a current annual rental income of £15,800 rising to £16,100 pa in January 2024.
- Offers in the region of £199,000 are invited for the freehold interest subject to and with the benefit of the existing tenancies.
Description
The property comprises an attractive 3-storey Grade II listed period property of traditional brick construction beneath a slate pitched roof.
The property has been tastefully refurbished and comprises a hair and beauty salon on the ground and first floor have an attractive period frontage with separate kitchenette an WC facilities.
There is a separate self-contained apartment on the upper floors comprising living room, fitted kitchen, 2 bedrooms and separate bathroom having electric heating and fitted carpeting throughout.
This property occupies a highly sought after location in Newport town centre amongst a variety of national and independent traders including: Lloyds Bank, Greggs, Boots Pharmacy and Tylers Electrical. On street car parking is available in St. Mary’s Street with various public car parks close by.
Newport is a busy and popular Market Town within the Telford and Wrekin conurbation, situated approximately 6 miles north of Telford, 25 miles north east of Shrewsbury and 10 miles north of the M54 motorway.
The town supports a range of national and independent retailers and is close to the world-renowned Harper Evans University supporting in excess of 4,000 students. On the fringe of the town centre is the new Newport Innovation Park which will provide a wealth of job opportunities as well as attracting inward investment to the local area.
