Property for sale

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Property for sale

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 freehold investment property is located in a busy secondary shopping area in Abergavenny, just 200 meters from the town center. The property features a ground-floor retail space of 415 square feet, which has been recently re-let on a new 5-year lease for £8,000 per year. The shop also has a separate entrance to a two-bedroom flat at the rear, as well as access to five additional two-bedroom flats on the first and second floors, all of which have been continuously let on occupational contracts for 14 years. The property generates a gross income of £47,000 per year, equivalent to a yield of 8.1%, making it an excellent investment opportunity.