Retail property (high street)

Rooms

DESCRIPTION
The property provides a prominent commercial property well situated within the heart of the popular town of Chepstow. The former bank premises provides ground floor space in excess of 1600ft2 with ancillary first floor accommodation in excess of 600ft2 and is suitable for a range of uses subject to planning. The accommodation is currently subdivided into individual rooms to the ground floor however could be easily adapted with the potential for large open plan space.

LOCATION
The property is well positioned within Beaufort Square at the centre of the popular town of Chepstow. Enjoying an elevated position over Beaufort Square, the property is set on the western side of Bank Street, running parallel to the High Street with Welsh Street public car park to the rear. Chepstow itself is an old market town at the approach to south-east Wales from the original Severn Bridge. 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. Chepstow railway station provides regular rail links, whilst the bus station provides local services and links to Cardiff, Swansea and London Victoria. The town provides a range of national and local retailers and services providers.

SERVICES
Mains water, drainage and electric are understood to be connected.

TERMS OF TENANCY
The tenancy will be written under the statute of the Landlord and Tenant Act 1954 excluding the renewal provisions contained within s24 to s28 of the same. Ideally the Tenancy term will be for at least 3 years with the opportunity of a Break Clause, if desired with the Tenant occupying on Full Repairing terms with the Landlord responsible for structural insurance of which the premium will be recoverable from the Tenant. Tenant responsible for all outgoings including rates and services.

DEPOSIT
A deposit of 2 months’ rent will be requested from the Tenant. This will be returned minus any appropriate deductions at the cessation of the Tenancy.

BUSINESS RATES
Rateable Value from April 2023 – 26,500

SETUP FEE
The tenant will contribute £350 (plus VAT) toward the preparation of each Tenancy Agreement.

PLANNING
A2 Use – we understand A1 Use is a permitted change however interested parties are advised to make their own investigations with the local authority.