SOLD. Blackwood South Wales. Block of four shops with offices above generating an excellent yield.

For Sale by private treaty (non auction).

Sited on the main thoroughfare from the towns bus station onto the high street, this block of four shops with offices on the upper floor is in excellent condition generating an attractive yield. All shops are occupied (details below) with two of the offices on the first floor tenanted and two vacant although they expect to be rented soon. When all offices are occupied the rental income amounts to circa £50,000 per annum generating a 10% yield. For further details email steve@propertyauctionscymru.com or call 07988 952673 between 9am and 5pm.

£500,000. plus VAT. (Please note this property is VAT registered).

Current income generated from the properties are as follows.

Shop 1 - Rental income of £850 per month inc VAT. £8,500 per annum ex VAT. 5 year lease to 14.05.24 with a 2 year break.

Shop 2 - Rental income of £850 per month inc VAT. £8,500 per annum ex VAT. 1 year lease to 15.10.21.

Shop 3 - Rental income of £850 per month inc VAT. £8,500 per annum ex VAT 5 year lease to 05.04.24 with 1 year breaks.

Shop 4 - Rental income of £1050 per month inc VAT. £10,500 per annum 4 year lease to 14.12.22.

Office 5a - Rental income of £350 per month inc VAT and service charge. £3,150 per annum ex VAT and service charge with a lease of 18months to 30.02.22.

Office 5b - Rental income of £290 per month inc VAT and service charge. £2,600 per annum ex VAT and service charge with a month on month lease.

Offices 5c & 5d presently vacant.

Shop dimensions.

Shop 1: 39 square metres.

Shop 2: 39 square metres

Shop 3: 43 Square metres

Shop 4: 42 square metres.

Office 1: 31 square metres.

Office 2: 36.3 square metres.

Office 3: 36.3 square metres.

Office 4: 35.4 square metres.

The upper floor has 2 WCs and storage space.

Photographs of the shop building.

Photographs of the offices on the upper floor and rear access.

Blackwood is a bustling town in the Caerphilly Council area at the heart of South Wales. It brags a huge footfall in its shopping area as it serves many of the surrounding towns and villages. Media reports have shown the numbers of shoppers using the town is rising year on year with excellent transport links from all surrounding areas and a bus station in the shopping centre area.