Log In/Sign Up
Your email has been sent.
52-56 Somerset St 2,487 SF 100% Leased Retail Building Abertillery NP13 1DL $297,757 ($119.73/SF) 7.40% Cap Rate
Investment Highlights
- Veterinary and residential mixed-use investment
- Full repairing lease terms
- Recently refurbished self-contained 2-bedroom flat
Executive Summary
This mixed-use investment property comprises a veterinary surgery over the ground and lower ground floors, together with a refurbished two-bedroom self-contained flat on the first floor. The entire building is let to Independent Vetcare Limited on a 15-year FRI lease expiring in March 2031, providing a stable income of £16,870 per annum. The asset offers an attractive net initial yield of 7.4% and benefits from a strong national covenant. Positioned centrally within Abertillery, the property sits among established retailers and service providers, with convenient access to Newport, Cardiff and the wider motorway network.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Veterinarian/Kennel
Building Size
2,487 SF
Building Class
B
Year Built
1850
Price
$297,757
Price Per SF
$119.73
Cap Rate
7.40%
NOI
$22,034
Percent Leased
100%
Building Height
2 Stories
Building FAR
5.71
Lot Size
0.01 AC
1 1
Nearby Major Retailers
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
52-56 Somerset St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.