Apartment / Flat For Sale Newport Ad:952891

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£125,000

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Apartment / Flat
For Sale
Newport
United Kingdom

SOLD AS ENTIRE BUILDING £1,600,000 (4 TOWN HOUSES with 11 Executive Apartments) OR INDIVIDUAL Executive Fully Furnished APARTMENTS from £125,00 TO £175,000
Multi-apartment block in the heart of Newport with the office covering the majority of the ground floor and approx. 60 staff occupy the office. On the 2 upper floors and a small part of the ground floor there are 11 apartments that have just been newly completed and are all set up as show apartments, therefore they are ready to be let or sold. The apartments are all large 1 bed apartments except for one which is a very large 2 bed apartment. This apartment can be easily changed to 2 apartments if needs be.

The property also has large basements.
Additionally, the top 3 apartments 7,8 & 9 have large attics that have already been professionally
floored with larger spec`d joists and wired, so ready for simple changes to add additional
beds/ensuites if required.

So, I’m virtually ready to sell all the apartments individually or happy to sell them all to the right
buyer, I’m also happy to sell the entire building with all the apartments, as long as I’m given a min
10yr lease to remain in the offices with my staff, and for that privilege I’d be offering a fixed let of
£30K p.a. for my company to remain in situ.

If we value all apartments individually, we are already over the £1.6M bracket, but for the right buyer
I’d be willing to sell the entire building with the £30K p.a rent for a figure of around £1.8M.

Just think that this would be a perfect investment for the right buyer.

I’ve held off until now to offer the building because I wanted to wait until the new £16M market
development was completed and this happened in the last few months. My building is right outside
the market entrance.

Property Details:

Address: 8-11 Griffin Street, Newport NP20 1GL

Consists of: 10 off large 1 bed apartments, and 1 off large 2 bed apartment (Note: this
apartment can be converted to
2off 1 bed apartments very easily if required). Additionally 3 of the 1 Bed apartments can also be
changed to 2 Bed apartments with little work. I`d also be willing to do the work if required.

All apartments are built and newly furnished to the highest of standards and are all presented as
show homes. All have never been lived in, with new beds, bed settees, kettles, tables & charis,
toaster, bedside cabinets, bedding, pictures, mirrors, all white goods including Fridge/freezers,
washer/dryers, dishwashers .

One large open plan office area on ground floor with new desking for up to 60 staff, and includes
Board room, Individual office, ladies and gents toilet areas, tea room, presentation area and games
room with pool table etc.

There is also lane access to the rear courtyard which has a large patio area with patio tables etc.
This is currently used for office parties etc.

Tenure: Freehold

Additional Notes:
If required I`m also happy to sell the apartments only if required, and I have already got individual
leases for these if required.
The locals are calling Newport the hidden Gem, because we have Cardiff on the one side and
Bristol on the other, both of these areas have really high property prices compared to Newport, so the only way is up!

The property is situated 50 yards from the main bus station and 300 yards to the main train station,so great location.

Lastly, the local estate agents tell me that if I wanted to rent the apartments they could rent them all out in one afternoon.

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