Lot 13 - Central Buildings, 8, Oakdale, Blackwood, Gwent, NP12 0JU
- Unconditional Online Auction Sale
- Guide Price* : £139,000+
- Bedrooms: 2
- Bathrooms: 2
- Reception Rooms: 1
INVESTMENT OPPORTUNITY
Description
Offered for sale by auction, this superb mixed-use investment property in the sought-after location of Oakdale, near Blackwood, presents an excellent opportunity for investors. The property consists of a ground floor commercial unit, a spacious first-floor apartment, and a large garage unit to the rear, all of which are currently fully let.
The commercial unit is occupied by a well-established bakery chain that wishes to remain in place, providing a secure rental income of £500 per calendar month (£6,000 per annum). The first-floor apartment is a generously sized two-bedroom property benefiting from gas central heating, double glazing, and a small garden area. It achieves a rental income of £700 per calendar month (£8,400 per annum). The garage unit to the rear is also let, generating an additional £60 per calendar month (£720 per annum). All lets are professionally managed by Sage & Co Lettings, ensuring a hassle-free investment.
Situated in a thriving area with strong demand from both commercial and residential tenants, this property offers a fantastic income-generating opportunity. Whether expanding an existing portfolio or seeking a high-yield investment, this fully occupied property is not to be missed.
Accommodation
Ground Floor - Commercial unit currently occupied by well-established bakery
First Floor - Entrance porch, kitchen, bathroom, living room, 2-bedrooms
Outside - Garage unit to rear, courtyard area
Tenancy Details
To be sold subject to tenancies:
- Ground Floor: Currently let at £500 per calendar month (£6,000 per annum)
- First Floor Flat: Currently let at £700 per calendar Month (£8,400 per annum)
- Garage Unit: £60 per calendar month (£720 per annum)
Tenure
Tenure is advised as Freehold
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty. Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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