Lot 4 - 26 & 26A Tredegar Street, Risca, Newport, Gwent, NP11 6BU
- Unconditional Online Auction Sale
- Guide Price* : £145,000+
- Bedrooms: 2
Description
An excellent opportunity to acquire a well-presented mixed-use property situated in the heart of Risca town centre.
The ground floor comprises a recently renovated office suite, offering generous open-plan space and private office area with WC and kitchen facilities – ideal for a range of commercial uses.
To the upper floors contain a spacious residential maisonette arranged over two levels. The accommodation is well maintained and in good condition throughout, benefiting from a private rear garden that has been carefully tended and provides an attractive outdoor space.
Risca is a thriving town within Gwent, home to a wide range of shops, supermarkets, schools, and local amenities. The nearby A467 provides excellent transport links to Newport City Centre and onward to the M4 motorway at Junction 28, making it a highly accessible and desirable location.
This property presents an appealing turn-key investment opportunity, combining commercial and residential income streams. Its central position and strong rental demand make it particularly attractive to investors seeking a high-yielding, low-maintenance addition to their portfolio.
Accommodation
Ground Floor - Commercial office area, private office, WC, Kitchen, storage cupboards
First Floor (Maisonette) - Kitchen, living room, bathroom, bedroom
Second Floor (Maisonette) - Landing, bedroom, store-room
Tenancy Details
To be sold subject to the following tenancy agreements:
Ground-floor commercial property is let at £500 per calendar month.
The first-floor maisonette is let at £625 per calendar month.
Tenure
Tenure is advised as Freehold.
Auction Fees And Additional Costs
The purchaser will be charged a buyers premium of 1.20% of the sale price with a minimum fee of £995 inc. VAT
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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