Commercial Property for sale in Market Street, Newtown, Powys, SY16
- Ideal Commercial & Property Investment Property
- Total Gross Internal Area 303 sq.m (3,263 sq.ft)
- Ground, first and second floor accommodation
- Prominently situated on Market Street in the centre of Newtown
- Commercial EPC - TBC
Ideal Commercial & Property Investment Property
Total Gross Internal Area 303 sq.m (3,263 sq.ft). 2 Flats let at £8,400 per annum plus the Commercial Premises. Prominently situated on Market Street in the centre of Newtown. Commercial EPC - TBC
The property comprises of a substantial mid terrace building benefitting from ground, first and second floor accommodation.
The property is prominently situated on Market Street in the centre of Newtown which is an established market town and administrative centre servicing the county of Powys.
Currently retailing as a butchers for over 30 years which occupies the lower ground, ground and part of the first floor accommodation with a useful external outbuilding providing further storage.
The first floor is currently let to the Salvation Army at a rent of £350 per calendar month and provides a one Bedroom Flat comprising Bedroom, Sitting Room, Kitchen and Bathroom. however it is currently used as office storage space.
The second floor Flat is let to a private individual at a rent of £350 per calendar month on a 6 months Assured Shorthold Tenancy Agreement and comprises Bedroom, Sitting Room, Kitchen and Bathroom.
Vendors are prepared to sell to a range of occupiers on the ground and part of the first floor whilst producing a passing rent of £8,400 on the two upper floors.
Subject to The Salvation Army holding over under a commercial lease on the first floor and an Assured Shorthold Tenancy Agreement on the second floor flat.