Commercial Freehold Opportunity In South Wales
Business overviewThis is a great opportunity for an investor to purchase the freehold of a commercial property that comprises two retail units and a four-bedroom residential apartment. All three units are currently occupied by reliable, long-standing tenants. The property also has a large undeveloped area on the ground floor that could be converted into additional retail premises or residential accommodation.
The property operates as three separate units, two retail and one residential. All three are currently tenanted.
The property itself is a well-maintained Victorian red-brick building. The self-contained residential flat is located on the first and second floors. It is accessed separately via a flight of stairs to the rear of the building. The flat comprises a hall, living room, 3/4 bedrooms and a bathroom. The third and fourth bedrooms are located in the attic space. There is also parking for two cars and a garden area.
On the ground floor are two retail units. The larger corner unit operates as a card/gift shop. The second smaller unit currently operates as a hair salon. Also on the ground floor are two unused rooms to the rear which have a kitchen/bathroom that are used by the retail tenants.
The freehold on offer is for property located within a parade of eight retail units, including a general store and café. The two retail units included with the sale currently operate as a hair salon and card/gift shop respectively. The residential apartment is located above. There is additional undeveloped space comprising two large rooms, which offer flexible options for conversion.
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