Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment in the heart of Pontypool.
Arranged across basement, ground, first and second floors the property is part let (basement and ground floors) to a Private Individual trading as a Vape Shop paying a rent of £8,000 per annum. The lease has expired and the tenant has been holding over since 2020. We understand that the tenant has made verbal approaches to renew the lease but no formal negotiations have commenced.
The first and second floors are currently vacant and comprise former office/ancillary accommodation. There may be potential to convert the upper parts to alternative uses, including residential, subject to obtaining the requisite consents.
Crane Street is one of the principal retail streets in Pontypool, nearby occupiers include Iceland, Boots, and a number of local occupiers. Pontypool Indoor Market is almost immediately adjacent to the property.
Tenure
Freehold
Planning
Whilst there are no extant planning consents, the first and second floors may be suitable for conversion to alternative uses, including residential, subject to obtaining the requisite consents.
Rent