A commercial investment opportunity with ground floor commercial unit with retail use, first floor flat with potential for further second floor accommodation, rear courtyard set in a prominent position within Pontypool.

Description

An opportunity to purchase a mixed-use investment property within the heart of Pontypool. The property provides a ground floor retail unit of approximately 420ft2 with high street frontage, a utility and w/c with access to the courtyard. To the first floor is a residential flat which is accessed via the shop front, with the accommodation providing a fully fitted kitchen, open plan lounge with vaulted ceiling, 2 bedrooms and a bathroom. The bedrooms and bathroom are located above the property known as 9 Osborne Road. To the second floor there is a loft conversion which could accommodate a further bedroom.

Situation

The property is situated on the main High Street of Pontypool, Located within 2 miles of the A4042 Usk Road, the property provides easy access to the M4 motorway which is 9 miles distant and offers links to Newport, Cardiff & Bristol.

Outside

Externally, the property benefits from a pedestrian side access off Osborne Road, leading to a courtyard to the rear of the property.

Tenure

Freehold with vacant possession.

Planning

Planning permission was granted on 18th February 2003 under planning reference 02/P/07397 for “offices to incorporate training facilities”. We understand that this planning consent was never implemented and the first and second floor are currently used as a residential flat and are subsequently registered for council tax under reference 1701047920113.

Business Rates & Council Tax

Current Rateable Value – £3,869 Flat 1 – Council Tax Band B

Services

The property benefits from mains water, drainage and electricity with electric heating to the residential flat. EPC Rating - C

Viewing

Strictly by appointment only from the agents DJ&P Newland Rennie.

• Investment Opportunity
• Ground Floor Retail Unit
• First Floor Residential Flat
• Town Centre Location
• High Street Frontage