Cross Street, Abergavenny £615,000

• Investment Opportunity
• Freehold Property
• Ground Floor Retail Space
• Five Two bedroom Appartments
• 200m From Town Centre
• Gross Income £43,400 p.a.

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 is currently let at an annual rent of £8,000.00 which is due for renewal later in 2024. 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 13 years. The gross income from the property currently stands at £43,400 per annum which equates to a yield of just over 7% and this is due to rise this year to £47,000 following rent reviews of the flats. For further details, please contact owners agent Christie Residential