Summary - 3 Commercial Road,NEWPORT,NP20 2PA NP20 1HE
1 bed 1 bath Commercial Development
**Standout Features:**
- Five-storey Victorian commercial building in Newport city centre
- 24 years remaining on a leasehold with a peppercorn ground rent of £1,300 per annum
- Previously operated as a local jeweller, versatile for multiple business types
- Surrounding area features several national retailers and restaurants
- Alarmed with external shutters and CCTV for enhanced security
- Potential rental income estimated between £15,000-£18,000 annually
**Concerns:**
- Crime rate in the area is very high
- Majority of mortgage lenders may refuse financing due to lease length
- Property is in a deprived area
This Victorian-era commercial building offers a rare investment opportunity in the bustling heart of Newport city centre. With five storeys and a variety of spaces suitable for retail or office use, the property presents substantial potential for business owners or savvy investors looking to capitalize on the area’s growth. Enjoy the peace of mind of a secure space equipped with alarm systems and CCTV, while benefiting from a location surrounded by a vibrant mix of national retailers and eateries.
While the property is chain-free and sold with vacant possession, prospective buyers should be aware of the challenges posed by the leasehold terms that may limit financing options. Additionally, the area has a high crime rate and is classified as deprived, which may affect future appreciation. Don’t miss this chance to transform a fixer-upper in a prime location; this opportunity won't last long!
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