Commercial development for sale

Rooms

DESCRIPTION
A detached commercial property providing accommodation extending to approximately 5,000ft2 having previously been utilised as an education facility. Set in an elevated position within a plot of 0.87 acres, the property is accessed via a sweeping, gated driveway direct from Bulwark Road and benefits from off road parking and mature gardens. Accommodation is over three storeys with single storey extension to the north and extension to the south providing lift. Further accommodation is set to the basement. The property currently requires full renovation having been unoccupied for around 6 years. Planning consent for conversion of the existing and construction of a new apartment block in July 2024. Planning provides for 6 residential apartments within the existing property and a further 9 residential apartments within the new block. The property offers a unique opportunity for a range of prospective uses subject to any necessary planning consents including for residential (truncated)

SITUATION
The property is set in an elevated position with direct access from Bulwark Road, Chepstow close to the junction with the A48. Set less than 0.5 miles from the centre of Chepstow, the property benefits from excellent access links to the M48 Motorway providing access to Newport, Cardiff and Bristol via the original Severn Crossing while the A48 connects Chepstow to Sedbury and beyond. The High Street of Chepstow provides a range of local and national retailers, bars, cafes and restaurants all ensuring a vibrant High Street with excellent footfall. The town is well serviced by bus and train services with many public car parks within walking distance of the property.

OUTSIDE
A large tarmacadam surfaced area suitable for car parking is set to the front of the property with extensive gardens bordered by mature trees and hedgerows. We understand there are trees on site which are subject to tree preservation orders.

PLANNING
Planning consent was granted July 2024 under application DM/2022/00848 for conversion of a former day centre to provide 6 no. residential apartments, alongside the construction of a new building consisting of 9 no. residential apartments. Associated change of use from class D1 to C3, parking, widening of existing driveway and landscaping works. Further information available from the selling agents.

SERVICES
We understand mains services are connected however interested parties are advised to make their own investigations in this regard.

BUSINESS RATES
The property has been removed from the ratings list.

TENURE
Freehold with vacant possession upon completion.

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

VAT
The guide price stated is exclusive of VAT whether or not chargeable.