Cross Street, Abergavenny 2 bed property for sale

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Cross Street, Abergavenny 2 bed property for sale

Cross Street, Abergavenny
£575,000

Price History

Initial price £615,000
21/02/25 £575,000
Price Change -6.50%

Description

This freehold investment property is 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, currently let on a new 5-year lease at an annual rent of £8,000. The shop unit has a separate entrance leading to a two-bedroom flat at the rear, as well as access to four additional two-bedroom flats on the first and second floors, all of which have been let on occupational contracts for 14 years. The property generates a gross income of £47,000 per annum, equivalent to a yield of 8.1%, making it an excellent investment opportunity.