Property for sale

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Property for sale

Cross Street, Abergavenny
£615,000

Our Summary

  • An excellent freehold investment opportunity located in a busy secondary shopping area just 200 metres from the centre of Abergavenny

Description

This property presents a rare investment opportunity in a busy secondary shopping area of Abergavenny, with a ground floor lock up Class E retail space let at £8,000 per annum and a separate front entrance leading to a two-bedroom flat. The property also features five self-contained two-bedroom apartments on the first and second floors, which have been continuously let on occupational contracts for 13 years and generate a gross income of £43,400 per annum, equating to a yield of just over 7%. The rent is due for review this year, which is expected to increase the yield to £47,000.
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