Summary - SHOP UNIT, CENTRAL BUILDINGS, 31, TREDEGAR STREET NP11 6BU
1 bed 1 bath Commercial Property
Large freehold unit with conversion potential and immediate rental income.
Large commercial unit approx. 1,229 sq ft
A large freehold commercial unit in a busy, sought-after high-footfall location — ideal for investors or owner-operators seeking rental yield and redevelopment potential. The ground floor provides generous retail/operational space with a kitchen, WC and good storage. The first floor offers potential for residential conversion (one bedroom, one bathroom currently) subject to consents, creating mixed-use income possibilities.
The property is substantial at around 1,229 sq ft with a traditional Victorian shopfront and character brickwork. It currently produces roughly £900 pcm in rent, offering immediate income while you plan refurbishment or conversion. Off-street parking for customers and excellent mobile and broadband connectivity support modern trading requirements.
Buyers should note material issues honestly: the interior is dated and will need modernisation to maximise value. Glazing is older double glazing (pre-2002) and the cavity walls are assumed uninsulated, so energy-efficiency upgrades are likely. The area records high crime and very high deprivation statistics, which will affect tenant mix, rental levels and financing options.
This freehold suits a cash investor, a small business wanting an owner-occupied base, or a buyer prepared to pursue residential conversion approvals. Viewings recommended for those analysing rental returns, conversion viability and refurbishment costs before purchase.
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