Charles Street, Newport. NP20 1JU
£629,950

Guide price

Bedrooms: 6
INVESTMENT OPPORTUNITY.

Mixed use property with full HMO licence

in the heart of Newport City Centre.

Commercial double shop frontage with

6 one bedroom apartments occupying the

upper three floors.

Development fully Let at £53k per annum

with a potential of £63k p.a

Introduction

We are pleased to offer for sale this INVESTMENT OPPORTUNITY. Substantial mixed used property in the heart of Newport City Centre with the ground floor occupying double shop frontage and 6 x modern 1 bedroom self contained flats, to the upper three floors via separate private entrance.

Shop

The ground floor commercial premises occupying a double unit professionally fitted with large double glazed shop frontage currently trading as " Carpet Gallery" a carpet and flooring specialist with;-

Staff office,

Staff wc

Carpet stock and prep room tradesmen area to the rear.

The shop has been trading as a flooring specialist since 1987 with the current tenant taking over the business in 2014.

Current rent and commercial lease at £18,000 p.a.

No EPC required.

Apartments

The upper floors currently provide residential accommodation that are all currently Let with tenancy agreements in place. (all paperwork can be provided)

The apartments are in good order as well as communal areas providing access to all floors.

The apartments are well decorated with modern shower rooms and gas fired central heating systems providing domestic heating and hot water.

The apartments are exceptionally well situated located right in the heart of Newport City Centre within walking distance to the Friars Walk Shopping development, the Royal Gwent Hospital and the University campus.

Flats 8A-8B-8C

Flats 8 A,B,C are accessed via the rear of 8 Charles Street. External steps gives access to the front door .

All currently Let at £495 pcm ( market rent £600 pcm)

Flat 8A

Via obscured upvc double glazed front door into:-

Hallway

Wood laminate flooring, central heating radiator, doors off to all rooms.

Kitchen (14' 07" x 6' 02" or 4.45m x 1.88m)

The kitchen is fitted with a full range of wall and base units, fitted appliances, electric oven, hob and extractor hood over. Plumbing and space for washing machine, space for fridge / freezer, wall mounted combination boiler, upvc double glazed window to front, stainless steel sink, drainer and mixer tap and central heating radiator.

Bathroom

Panelled bath with glass shower screen with mains shower over. Central heating radiator, sink and wc. Ceiling mounted extractor fan.

Bedroom (17' 07" x 10' 02" or 5.36m x 3.10m)

Wood laminate flooring, upvc double glazed window to front, central heating radiator.

Lounge (16' 02" x 11' 0" or 4.93m x 3.35m)

Very well presented, dark wood laminate flooring. Wall mounted electric fire, feature upvc double glazed window to front and central heating radiator. Plastered walls and ceiling, decorative coving.

Communal hallway

Front door into communal space stairs up to second floor giving access to flat 8B & 8C.

Flat 8B

Via front door into:-

Hallway

Central heating radiator, doors off to all rooms. Storage space and stairs up to 2 bedrooms.

Kitchen / Dining area (18' 01" x 9' 03" or 5.51m x 2.82m)

double glazed window to rear, central heating radiator, wood laminate flooring. Space dining room table and chairs.

The kitchen is fitted with electric oven, hob, free standing fridge / freezer, washing machine, stainless steel sink, drainer and tap. Low voltage lighting.

Shower Room

Pedestal wash hand basin, low level wc, shower with glass shower screen, feature mains shower over.

Bedroom (11' 02" x 10' 05" or 3.40m x 3.18m)

Two upvc double glazed windows to front, central heating radiator.

Flat 8C

Via front door into 1 bedroom maisonette style flat.

Hallway

Electric storage heater, door off to:-

Shower Room

Modern shower room with Glass folding shower screen with electric shower over, wash hand basin, vanity unit below, tiling to all splash backs. Chrome towel radiator.

Kitchen

Upvc double glazed windows to front. Fitted kitchen with space for washing machine, tumble dryer, free standing fridge / freezer. Stainless steel sink, drainer and mixer tap, oven, hob.

W.C

Low level wc, wall mounted wash hand basin.

Stairs up

Doors off to bedroom and lounge / diner.

Lounge/diner

double glazed Velux window to lounge, space for dining room table and chairs, sofas etc.

Bedroom

Double glazed Velux window, space for double bed, electric storage radiator. Space for work desk etc.

Flats 9A,9B & 9C

All currently Let at £475 pcm ( market value rent £600 pcm)

Entrance

Separate entrance off Charles Street next to the commercial premises gives access to upper residential floors.

Entrance

Via hardwood front door into;-

Communal hallway

Steps immediately returning to the first floor. 3 flats in this part of the building. 9A on the first floor and 9B & 9C on the second.

Flat 9A

Good size 1 bedroom apartment advised tenant paying £495 pcm with potential of £600 pcm.

Entrance

Via hardwood front door into:-

Hallway

Gas fired central heating , ample storage to landing, central heating radiator. Doors off to all rooms.

Bedroom (11' 07" x 10' 06" or 3.53m x 3.20m)

Upvc double glazed window to rear, central heating radiator, wood laminate flooring throughout, space for double bed.

Bathroom

White suite:- panelled bath, glass shower screen, mains shower over. Pedestal wash hand basin, low level wc, central heating radiator, full feature ceramic tiling to all walls, with two obscured double glazed windows to rear. Wall mounted extractor fan.

Lounge / kitchen / dining area (18' 05" x 12' 02" or 5.61m x 3.71m)

Lovely size lounge. Full height floor to ceiling upvc double glazed windows to front. Space for dining room table and chairs, space for sofa.

The kitchen is fitted with wall and base units, matching roll top food preparation work surface, sink, drainer and mixer tap, electric oven, four ring hob, extractor hood over. Plumbing and space for washing machine, tumble dryer and free standing fridge / freezer and central heating radiator.

Communal hallway

Upvc double glazed windows to front, stairs up to flats B & C

Flat 9B

Entrance

Via hardwood front door into:-

Hallway

Wood laminate flooring, central heating radiator, doors off to all rooms.

Bedroom (11' 08" x 11' 05" or 3.56m x 3.48m)

Two upvc double glazed windows to front, central heating radiator.

Bathroom

Low level wc, pedestal wash hand basin, panelled bath with glass shower screen, shower over.

Kitchen / Dining area (18' 09" x 8' 08" or 5.72m x 2.64m)

Two upvc double glazed windows to rear, space for sofa, table and chairs, , wood laminate flooring.

The kitchen with matching work surface, wall and base units, stainless steel one and half bow sink, drainer and mixer tap. Plumbing and space for washing machine, tumble dryer, free standing fridge / freezer, oven and four ring electric hob.

Flat 9C

Entrance

Via front door into 1 bedroom maisonette style flat.

Hallway

Central heating radiator, wood laminate flooring,stairs up to bedroom and lounge.

Kitchen (11' 02" x 7' 03" or 3.40m x 2.21m)

Upvc double glazed window to front, central heating radiator. The kitchen is fitted with a full range of wall and base units, four ring electric hob, oven , space for free standing fridge / freezer, dishwasher, washing machine, stainless steel sink, drainer and mixer tap.

Shower Room

Full ceramic tiling to all walls, low level wc, pedestal wash hand basin, shower with glass folding shower screen, mains shower over.

Stairs up

Doors off.

Bedroom (15' 08" x 7' 07" or 4.78m x 2.31m)

Wood laminate flooring, central heating radiator. Study area off the bedroom (bedroom irregular shape) double glazed Velux window.

Lounge (12' 09" x 0' 0" or 3.89m x 0.00m)

Wood laminate flooring, central heating radiator, double glazed Velux window to roof.

01633 376250

Davis & Sons - Newport

20 Cambrian Road, Newport

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