Caerleon Road, Newport - 1 bed - £180,000 - Nuttall Parker - Newport

Property details

Bedrooms: 1

Other:
OPTICIANS BUSINESS UNAFFECTED

The subject property comprises a large end of terrace building on the opposite side of the main Caerleon Road shopping area, which is probably the busiest traditional out of town shopping area in Newport.

The property comprises a ground floor self contained Opticians suite comprising a reception/waiting room, a consulting room and two showrooms with workshop, kitchen and staff wc. Total internal floor area is 64.1 sq m (690 sq ft). To be let on a sale/lease back arrangement at £10,000 pa on a new five year lease.

The upper floors comprise a spacious three double bedroom maisonette with bathroom and cloakroom/wc, living room and kitchen. Separate external access and three parking spaces/garage to the rear.

The sale provides an opportunity to enhance the current rental income of the upper floors by coverting the existing accommodation into at least two flats, subject to planning permission.

The owner, who occupies the ground floor opticians, will take a five year lease of the ground floor only on completion of the sale at rent of £10,000 pa.

Potential rental income, once coverted, of about £20,000 pa.