Summary - 29, CROSS STREET NP7 5EW
1 bed 1 bath Not Specified
**Standout Features:**
- Freehold property offering significant investment potential
- Ground floor retail space (415 sq. ft.) with a new 5-year lease at £8,000 p.a.
- Five self-contained two-bedroom apartments with a total gross income of £47,000 p.a.
- Located just 200 meters from Abergavenny town center in a prime secondary shopping area
**Concerns:**
- Above average crime rate in the area
- Overall area classified as "very deprived"
This exceptional mixed-use freehold property represents a fantastic investment opportunity in a bustling locality, perfect for both seasoned investors and first-time buyers seeking to dive into the rental market. The ground floor boasts a retail space currently let under a new lease, while five two-bedroom apartments overhead ensure a steady income stream. Each unit has a well-illuminated modern design, offering a blank canvas for future tenants or owners.
Set just a short stroll from the vibrant Abergavenny town center, accessibility is superb, enhancing desirability for renters. Although the area experiences above-average crime and is classified as very deprived, its prime location and potential for growth can provide a fantastic long-term return. With a compelling yield of over 8.1%, properties like this do not stay on the market long. Seize this chance to enrich your portfolio and capitalize on Abergavenny's evolving demographic landscape.
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