Retail property (high street) for sale

Rooms

DESCRIPTION
A unique opportunity to purchase a prominent Grade II Listed property within the heart of the historic town of Chepstow and benefitting from frontage onto St Mary Street. The property was constructed in 1905 for the Chepstow Cooperative Society and provides an impressive gable façade with 3 storey frontage and large outbuilding attached to the rear providing prospective purchasers with a fantastic opportunity with a range of potential uses available. Family owned and operated for nearly 25 years, the property provides extensive retail space to the ground floor with kitchenette and toilets, a former tea room to the first floor including commercial kitchen along with ancillary storage to the second floor and two storey outbuilding. The plot extends in total to approximately 0.12 acres including private parking to the rear and offers an attractive opportunity for a range of potential uses including residential development subject to planning.

SITUATION
The property is situated in the town centre. Chepstow itself is an old market town at the approach to south-east Wales from the original Severn Bridge, with a history dating back to the Norman times witnessed by the surrounding stone Portwall and prominent Castle, situated nearby. The riverside with its band stand and tapas bar and public house provides a pleasant area for a stroll. There is excellent access to the Severn Bridge, providing access eastbound to Bristol city centre, Bristol Parkway railway station, the M5 interchange and London, and westbound to Newport, Cardiff and South Wales. Gloucester and the Forest of Dean are accessible via the A48 while Chepstow railway station provides regular rail links and the bus station provides local services and links to Cardiff, Swansea and London Victoria. The renowned Wye Valley is a short distance away.

ACCOMMODATION
The property is briefly comprised as follows: Ground floor retail space – approximately 1340ft2 First floor former tea room – approximately 925ft2 Second floor – approximately 850ft2 Outbuilding – approximately 850ft2 split over two floors

TENURE
Freehold with vacant possession on completion.

OUTSIDE
Vehicular access to the rear of the property is direct from Nelson Street with the site providing private parking. Nelson Street public car park is set directly opposite.

RIGHTS OF WAY & EASEMENTS
The property is sold with any rights, easements or incidents of tenure which affect it.

PLANNING
Interested parties are advised to make their own investigations with the local authority.

SERVICES
The properties benefit from mains water, electric and drainage.

BUSINESS RATES & COUNCIL TAX
Current rateable value - £11,750

AGENTS NOTE
We understand there are rights of way reserved for neighbouring properties over the land to the rear for access purposes. Interested parties are advised to make their own investigations in this regard.

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