Red Dragon Estates says ..

Property Oracle says ..

This property presents an interesting investment opportunity as a mixed-use building located on Commercial Road in Newport, Wales. The property consists of a three-bedroom maisonette and a ground floor commercial unit, currently operating as a cafe/restaurant.

The maisonette appears to have undergone recent modernisation, with a newly fitted kitchen and flooring visible in the provided images. The bathrooms, while functional, do seem in need of some additional updating. The overall condition is satisfactory but would likely benefit from additional improvements, potentially increasing the overall value.

The commercial unit is already established, operating as a cafe/restaurant. The location on Commercial Road provides high visibility and foot traffic, presenting significant rental income potential for the investor. However, the lack of detailed financial information regarding the commercial unit’s profitability will need to be investigated further for a complete analysis of its worth.

The lack of outside space (beyond a small, unconvincing rear yard) is a noticeable drawback.

Overall, the property offers a combination of residential and commercial potential, although a thorough inspection is essential to assess the extent of necessary improvements and any potential issues affecting valuation. The price is reflective of the market yet a complete valuation would depend on an accurate condition survey of both the residential and commercial elements. The lack of substantial plot size is a major consideration. The buyer must carefully evaluate the investment merits, potential rental income from both the residential and commercial units, and the costs of any necessary repairs and improvements before proceeding with a purchase. This is a high-risk yet high-reward investment in a dynamic location with clear business opportunities yet the need for further work and investigation may deter many potential buyers.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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