1 bedroom property for sale
Key information
Property description & features
- Tenure: Freehold
- 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
Rooms
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.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference MAG230030. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by David James - Magor.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on November 2, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on November 2, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 1, 2019 from 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.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.