Available
Newtown – Takeaway & Residential Flat
9 Severn Street, Newtown, Powys SY16 2AQFreehold Takeaway & Residential Investment
Price
£180,000
Rent P.A.
£15,600
Yield
8.67%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
9y 10m
Area
1,559 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises takeaway shop with large residential flat at first and second floor
- Benefits from storage outbuilding and basement
- Future redevelopment potential to self-contain the flat, STTP
- Located in the heart of the town centre with occupiers nearby include Costa Coffee, HSBC, Nationwide, Restaurants, Cafe and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor takeaway with additional storage outbuilding. The takeaway comes with fully equipped commercial kitchen and ready for occupation. The residential flat above comprises 4 rooms and 2 bathrooms, providing the following accommodation and dimensions:
Ground Floor: 34 sq m (366 sq ft)
Open plan takeaway, commercial kitchen
Storage: 31 sq m (333 sq ft)
Open plan storage
First Floor: 40 sq m (430 sq ft)
2 rooms, bathroom
Second Floor: 40 sq m (430 sq ft)
2 rooms, bathroom
Total GIA: 145 sq m (1,559 sq ft)
Redevelopment potential to self-contain the residential flat, STTP.
Ground Floor: 34 sq m (366 sq ft)
Open plan takeaway, commercial kitchen
Storage: 31 sq m (333 sq ft)
Open plan storage
First Floor: 40 sq m (430 sq ft)
2 rooms, bathroom
Second Floor: 40 sq m (430 sq ft)
2 rooms, bathroom
Total GIA: 145 sq m (1,559 sq ft)
Redevelopment potential to self-contain the residential flat, STTP.
Tenancy Description
The entire property is at present let to an Individual for a term of 10 Years from 20th February 2026 at a current rent of £15,600 p.a. and the lease contains full repairing and insuring covenants. Rent review 20.02.31 linked to RPI. Tenant option to determine on 20.02.31 with min 6 months notice. Deposit held of £3,900.
Tenancies & Accommodation
Location Description
Newtown is the largest town in the county of Powys, located 13 miles south of Welshpool and 36 miles south-west of Shrewsbury. The town is situated on the River Severn at the junction of the A489 and the A483. Newtown (Powys) Rail Station provides frequent rail services to Birmingham International, Shrewsbury and Aberystwyth. The property is situated in the heart of the town centre with occupiers nearby include Costa Coffee, Nationwide and more.
