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52-56 Somerset St 2,487 sq ft 100% Let Retail Property Abertillery NP13 1DL £225,000 (£90.47/sq ft) 7.40% Net Initial Yield
Investment Highlights
- Veterinary and residential mixed-use investment
- Full repairing lease terms
- Recently refurbished self-contained 2-bedroom flat
Executive Summary
This mixed-use investment property comprises a veterinary surgery over the ground and lower ground floors, together with a refurbished two-bedroom self-contained flat on the first floor. The entire building is let to Independent Vetcare Limited on a 15-year FRI lease expiring in March 2031, providing a stable income of £16,870 per annum. The asset offers an attractive net initial yield of 7.4% and benefits from a strong national covenant. Positioned centrally within Abertillery, the property sits among established retailers and service providers, with convenient access to Newport, Cardiff and the wider motorway network.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Vet Surgery / Kennel
Property Size
2,487 sq ft
Costar Property Class
B
Year Built
1850
Price
£225,000
Price per sq ft
£90.47
Yield
7.40%
NOI
£16,650
Occupancy Rate
100%
Number of Floors
2
Plot ratio
5.71
Total Plot Size
0.01 ac
1 1
Nearby Major Retailers
1 of 6
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52-56 Somerset St
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