2 bedroom property for sale

An excellent freehold investment opportunity located in a busy secondary shopping area just 200 metres from the centre of Abergavenny. The property comprises a ground floor lock up Class E (formerly A1) retail space of some 415 Sq Ft. The shop unit has recently been re-let on a new 5 year lease at an annual rent of £8,000.00. To one side of the retail space is a separate Front Entrance door which leads to an inner hallway with a private entrance door to a ground floor, two bedroomed flat at the rear of the building. Within the communal hallway is a staircase which provides access to the first and second floors, each of which has two separate, self-contained two bedroom flats giving 5 x two bedroomed apartments in total all of which have been continuously let on Occupational Contracts (previously Assured Shorthold Tenancies) for some 14 years. The gross income from the whole property currently stands £47,000 per annum which equates to a yield of just over 9.7%. For further details, please contact owners agent Christie Residential

Tenure: Freehold