Monnow Street, Monmouth, Monmouthshire, NP25
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- FOR SALE BY PRIVATE TREATY
- Investment opportunity
- Fully let
- Combined annual rental income of £36,600
- Prime high street position
- Potential for additional accommodation (STP)
- Excellent transport links
Description
Description
An opportunity to purchase a fully let mixed-use investment property within the heart of Monmouth high street. The property is marketed subject to existing leases on the ground floor retail space and two residential flats to upper floors.
Situation
The property is well positioned within the heart of the historic town of Monmouth with frontage onto the main thoroughfare of Monnow Street. Monmouth is an expanding town of over 10,000 population but serving a much larger area and benefits from excellent transport links to both the Midlands, South Wales and West County. The town also benefits from an excellent choice of well-known schools both in the state and independent sector, as well as a good balance of local and national retailers situated in the main street including, Waitrose, Marks and Spencer Simply Food and White Stuff etc.
Accommodation
The ground floor retail space extends to approximately 750 sq ft comprising open plan area to the front with large window space directly onto the main High Street of Monmouth town. To the rear of the is additional space with kitchenette and storage. The property has been kept to a high standard and provides light and spacious accommodation retaining many period features including rustic floorboards, beams and exposed brickwork. To the rear of the property is a private courtyard providing access to flats to the upper floors and a further self-contained building forming part of the commercial demise. The building currently provides toilet facilities and storage for the retail space however is deemed suitable for alternative uses subject to the granting of the necessary planning permission. There are two residential flats to the upper floors property and accommodation is listed briefly below. First Floor (72a) A well presented one bedroom first floor flat providing open (truncated)
Rental Income
The ground floor retail space is subject to a new 5 year lease commenced October 2023 with current passing at £1500pcm exclusive. Combined rent passing on the two flats is currently £1550pcm.
Business Rates & Council Tax
GF - Rateable Value from April 2023 - £12,500 72a – council tax Band B 72b – council tax Band C
Planning
The ground floor has commercial use permitted while the upper floors are in residential use.
Tenure
Freehold subject to existing leases.
Services
We understand that the property benefits from mains water, drainage and electric.
Viewing
Strictly by appointment with David James Tel:
Local Authority
Monmouthshire County Council -
Brochures
ParticularsEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: TBC
Monnow Street, Monmouth, Monmouthshire, NP25
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lydney Station10.4 miles
About the agent
David James, Magor
Court Barn, West End, Magor, Monmouthshire, NP26 3HT
David James act in the sale, letting and valuation of all types of commercial property including offices, workshop, retail and storage premises. Historically, acting in the management of rural business lets, our service has expanded to manage investment portfolios, urban and high street properties for our retained clients, advising on lease renewal and end of tenancy matters and ensuring rent collections.
Notes
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Visit our security centre to find out moreDisclaimer - Property reference MAG230030. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by David James, Magor. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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