Caerleon Newport Investment Property with 7.6% Yield and Development Potential for Sale
Caerleon, Newport
- Status
FOR SALE
- Date Submitted:
10/03/21
- Advert ID
273533
- Reference
529 / Rightbiz
- Call Agent:
- Freehold: £575,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
CAERLEON INVESTMENT PROPERTY PRODUCING YIELD OF 7.6% WITH DEVELOPMENT POTENTIAL
MAIN ENTRANCE leading into BAR having carpeted floor, feature stone chimney with solid fuel burner installed. Wood panel fronted bar counter with matching back bar fitting. A mixture of loose leather chairs, bar stools and poser style tables seating approximately 20. RESTAURANT on stepped level with balustrade divides. Carpeted floor throughout. Seating for approximately 30. Wood panel fronted bar counter with matching back bar fitting from interconnecting servery.
MAIN RESTAURANT being a linear room decorated to a good standard with carpeted floor and seating for approximately 60 customers. The room is overlooked from the catering kitchen with open service hatch to customers. CATERING KITCHEN. WASH UP. Walk in CHILLER. Overspill RESTAURANT (former reception) having carpeted floor and seating for approximately 32. WC. OFFICE.
LADIES & GENTLEMEN’S TOILETS. ON LEVEL CELLAR.
LETTING ACCOMMODATION
At first floor there are 12 ENSUITE LETTING BEDROOMS configured as 5 double, 4 family and 3 single.
PRIVATE ACCOMMODATION
FLAT providing open plan kitchen/lounge, 2 double bedrooms with ensuite bathrooms. The flat enjoys a separate external access from the rear of the property.
EXTERNAL
To the opposite side of the road is the large hardcore CAR PARK for 30 vehicles.
PLANNING
The owners have previously applied for redevelopment of the site into 10 apartments and 3 houses along with parking for all. The application was successful but full planning permission was pending the agreement of the Section 106 application. At that time the owners decided not to develop the property and withdrew their application.
All interested parties will need to make their own investigation into the potential for future development of the site.
Contact Agent
Listing Statistics
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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