Pen Y Pound, Abergavenny - £425,000

bedrooms 6 baths 5
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CALLING ALL INVESTORS. A superb investment opportunity, The Cloisters is an attractive, Grade II Listed building comprising of five flats with allocated parking and is located in a popular and convenient location, a short walk from town centre.

Key Features

  • Impressive Grade II Listed Building
  • Currently Split into 5 Flats, Four One Beds & One Two Bed
  • Five Allocated Parking Spaces
  • Convenient Location Just off The Town Centre
  • Ideal Investment Property

Comprising of four, one bedroom flats and one, two bedroom flat, The Cloisters is an impressive, Grade II Listed building with plenty of original features including wooden window shutters, fireplaces and panelled ceilings. Outside there is an enclosed, walled garden at the front with access to the rear which would make a useful storage area and backs onto a small stream. From the rear a path runs alongside the stream to the parking area where there are five allocated spaces.

An ideal investment opportunity, The Cloisters is currently producing £21,876 p.a and has the potential to produce £28,776 p.a.

Accommodation:

Ground Floor

- Communal Entrance Hall

- Flat 1 – Recently modernised, one bedroom flat comprising of an open plan kitchen/living room, bedroom with en-suite shower room. Electric heating. Unoccupied - £506 PCM including water. EPC – E. Council Tax Band ‘B’.

- Flat 2 – One bedroom flat comprising of a living room, kitchen which is in need of updating, bedroom and modern shower room. There is access to the rear via the kitchen. Electric heating. Occupied - £402 PCM including water. EPC – E. Council Tax Band ‘B’.

First Floor

- Flat 3 – Recently modernised, one bedroom flat comprising of an open plan kitchen/living room, bedroom and bathroom. Electric heating. Occupied - £488 PCM including water. EPC – E. Council Tax Band ‘B’.

- Flat 4 – Un-modernised, one bedroom flat comprising of a living room, kitchen, bathroom and bedroom. Electric Heating. Occupied - £427 PCM including water. EPC – E. Council Tax Band ‘B’.

Second Floor

- Flat 5 – Un-modernised, two bedroom flat comprising of a living room, kitchen/dining room, bathroom, two bedrooms. Electric Heating. Unoccupied - £575 PCM including water once modernised. EPC – F.

Situated on the corner of Pen Y Pound & Avenue Road, The Cloisters is conveniently situated a short walk from the town centre. The historic market town of Abergavenny is affectionately known as The Gateway to Wales, with the beautiful Brecon Beacons National Park on your doorstep. The town has a range of local amenities such as independent shops, supermarkets, cafés, restaurants, hotels, a theatre, cinema, general hospital, primary and secondary schools and a mainline train station. A celebrated annual food festival entices national and international visitors every September, together with cycling, walking, music and art events throughout the year. The town and surrounding area is also well known for its renowned gastropubs and restaurants. The town has good road links towards Hereford, Brecon, Swansea, Bristol, Newport and Cardiff via A465, A40 and A4042 trunk roads.

These sales particulars are hoped to provide a fair description of the property, however all statements are made without responsibility of James Dean and should not be relied upon as statement of fact. They do not form any part of a contract and are issued solely in the understanding that all negotiations are conducted through the firm. Items shown in photographs are not included in the sale unless specifically mentioned within the sales particulars.


Floorplan for Pen Y Pound, Abergavenny, Monmouthshire


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