Substantial mixed-use investment property with generous private parking.
Summary
- Occupying a sought-after town centre location.
- Part let, part owner occupied.
- Currently producing a total rental income of £28,200 p.a.
- Further income opportunities.
- Strong asset management opportunity for investors.
Accommodation
The accommodation comprises the following areas:
| Description | sq ft | sq m |
| Commercial Premises | 1,045 | 97.08 |
| Flat 1 | 1,367 | 127 |
| Flat 2 | 603 | 56.02 |
| The Barn | 1,022 | 94.95 |
| Total | 4,037 | 375.05 |
Location
The property occupies a highly sought after location in Newport town centre amongst a variety of national and independent traders including: Tylers Gas & Electric, Drew Udall & Co. and more. On street car parking is available directly in front of the property on St. Mary’s Street with various public car parks close by. Parking can also be made available to the rear of the property.
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.
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Mainline Stations
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Oakengates117 mins
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Telford Central128 mins
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Shifnal138 mins
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Wellington (Shropshire)144 mins
Underground Station
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Chesham2025 mins
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Amersham2058 mins
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Chalfont and Latimer2090 mins
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Reading2095 mins
Further Information
Price Offers in the region of £550,000
Description
The property comprises a substantial mixed-use property providing; self-contained ground floor retail unit, split level 5-bedroom first floor flat, 2-bedroom first floor flat and 4-bedroom split level maisonette flat. The property also benefits from extensive private parking for 11 cars and garage.
The ground floor retail unit comprises a self-contained opticians with an attractive open plan reception area and separate treatment rooms and offices to the rear. The first-floor apartments are accessed via a shared ground floor entranceway and provide modern accommodation with generous room sizes. The maisonette is self contained and provides spacious accommodation arranged over 2 floors.
The property has retained a number of period features throughout and offers a good investment/ development opportunity.
Terms
The freehold property is offered for sale subject to the existing occupational leases and Assured Shorthold Tenancies.
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