Commercial Road, Newport £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 and excellent opportunities to further increase revenue. The property further boasts a large yard to the rear with parking options, secure gated access and ample storage possibilities.
A short walk from the city centre and its main train station plus great road links via the SDR & M4 motorway and the fact it's set in an area with vast future plans and council planned improvements, further makes this an excellent choice for investors looking for initial returns, but also longer term capital growth. A must view, the agents strongly advise viewing in order to fully appreciate all that this property has to offer.
Please note, the Vendors will only consider offers from Cash purchasers!
Section 21: Declaration of interest Section 21 of the Estate Agency Act 1979 applies in this case as the seller is associated with Red Dragon Estates Ltd.