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Cross Street, Abergavenny 2 bed property for sale
Cross Street, Abergavenny
£550,000
Cross Street, Abergavenny
£550,000
Our Summary
- An excellent freehold investment opportunity located in a busy secondary shopping area just 200 metres from the centre of Abergavenny
- Investment Opportunity
Description
This property is a freehold investment opportunity located in a busy secondary shopping area in Abergavenny, just 200 meters from the town center. The property comprises a ground floor retail space of 415 square feet, which has recently been re-let on a new 5-year lease at an annual rent of £8,000. The shop unit has a separate entrance that leads to a private hallway with a door to a two-bedroom flat at the rear of the building. The property also has five self-contained two-bedroom flats on the first and second floors, all of which have been continuously let on occupational contracts for 14 years, generating a gross income of £47,000 per annum, which equates to a yield of 8.1%.