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Sarchnar Restaurant 151 Commercial Rd

718 SF Retail Building Newport NP20 2PJ £250,000 (£348/SF) 9.50% Net Initial Yield

Investment Highlights

  • Roller shutters.
  • Great footfall area.
  • Large glazed frontage.

Executive Summary

Offers of £250,000
An Exceptional Investment Opportunity set in a central location in the city of Newport on a thriving, vibrant street with high foot flow and rental demand, is this mixed use building made up of a large 3 bedroom, 2 storey maisonette with separate rear access and an A3 licensed unit operating as a cafe, all recently fully refurbished to a high standard throughout. Currently fully occupied/let with a strong yield (approx 9.5%) £1900pcm.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
718 SF
Building Class
C
Year Built
1929
Price
£250,000
Price Per SF
£348
Net Initial Yield
9.50%
NOI
£23,750
Tenancy
Single
Number of Floors
4
Building FAR
0.90
Land Acres
0.02 AC

Amenities

  • 24 Hour Access

Nearby Major Retailers

Lidl
Pure Gym
Boswells
Eurochange
Starbucks
Sainsbury's
ASDA
Lloyds Bank Plc
T S B
Costa Coffee
  • Listing ID: 33850088

  • Date on Market: 13/11/2024

  • Last Updated:

  • Address: 151 Commercial Rd, Newport NP20 2PJ

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