9 Severn St 1,687 SF 100% Leased Retail Building Newtown SY16 2AQ $241,932 ($143.43/SF)

Investment Consideration:
Vacant possession
ERV: £18,000 p.a. GIY: 10.00%
VAT is NOT applicable to this property
Comprises takeaway shop with large residential accommodation at first and second floor
Benefits from storage outbuilding and basement
Redevelopment potential to self-contain the flat, STTP
Total area size of 145 sq m (1,559 sq ft)
Takeaway comes fully fitted and ready for occupation
Previously rated 5* on Tripadvisor and Facebook
Located in the heart of the town centre with occupiers nearby include Costa Coffee, HSBC, Nationwide, Restaurants, Cafe and more.
Property Description:
Comprises ground floor takeaway with additional storage outbuilding. The takeaway comes with fully equipped commercial kitchen and ready for occupation. The residential flat above comprises 4 rooms and 2 bathrooms, providing the following accommodation and dimensions:
Ground Floor: 34 sq m (366 sq ft)
Open plan takeaway, commercial kitchen
Storage: 31 sq m (333 sq ft)
Open plan storage
First Floor: 40 sq m (430 sq ft)
2 rooms, bathroom
Second Floor: 40 sq m (430 sq ft)
2 rooms, bathroom
Total GIA: 145 sq m (1,559 sq ft)
Redevelopment potential to self-contain the residential flat, STTP.
Location:
Newtown is the largest town in the county of Powys, located 13 miles south of Welshpool and 36 miles south-west of Shrewsbury. The town is situated on the River Severn at the junction of the A489 and the A483. Newtown (Powys) Rail Station provides frequent rail services to Birmingham International, Shrewsbury and Aberystwyth. The property is situated in the heart of the town centre with occupiers nearby include Costa Coffee, Nationwide and more.