Property for sale

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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 bustling secondary shopping area in Abergavenny, just 200 meters from the town center. The property consists of a ground-floor retail space of 415 square feet, which has been re-let on a new 5-year lease at an annual rent of £8,000. The shop also has a separate entrance leading to a two-bedroom flat at the rear of the building. Additionally, the property has three self-contained 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 annum, equivalent to a yield of 8.1%, making it an excellent investment opportunity.