An opportunity to acquire a profitable butchers in Newtown, Powys
Substantial mixed use Freehold property
Producing a net income of £8,400 per annum
Vacant ground/first floor on completion
Total Gross Internal Area 303 m sq (3263 sq ft)
Suitable for investors/owner occupiers
The property comprises of a substantial mid terraced building, benefitting from ground, first and second floor accommodation, additionally ancillary accommodation is available at lower ground level and externally to the rear of the property.
The vendor currently operates a profitable butchers, occupying both lower ground, ground and part first floor accommodation. The external outbuilding provides further storage accommodation: however, could be suitable for alternative uses- subject to consents. The property is only reluctantly offered for sale due to retirement and will be offered vacant possession on the areas currently owner-occupied. Consideration will be given to the sale of the business goodwill, stock, fixtures and fittings with a full inventory list/accounts available to interested parties.
The first floor is currently let to The Salvation Army and provides a one bedroom flat offering: bedroom, sitting room, kitchen and bathroom; however is currently used as office/storage space.
The second floor is let to a private individual on a 6 month (AST) Assured Shorthold Tenancy Agreement and offers the following accommodation: bedroom, sitting room, kitchen and bathroom.
The property would lend itself to a range of occupiers on the ground and part first floor whilst producing a passing rent of £8,400 to the upper floors.