Sarchnar Restaurant 151 Commercial Rd 718 SF Retail Building Newport NP20 2PJ £250,000 (£348.19/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.
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
£348.19
Net Initial Yield
9.50%
NOI
£23,750
Tenancy
Single
Number of Floors
4
Building FAR
0.90
Lot Size
0.02 AC
AMENITIES
- 24 Hour Access
1 of 1
NEARBY MAJOR RETAILERS
