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Property
Property description & features
- Tenure: Leasehold
- INVESTMENT:
- 3 Grade II Listed Shops + 5 Apartments Above + Successful Local Cinema & Music Hall
Set in the heart of this busy and prosperous market town this unique and attractive investment portfolio consists of 3 Grade ll retail shops with 5 apartments above as well as a very successful local cinema and music hall. The total commercial net income is approximately £52,000 P.A. and a residential income of approximately £2460 PCM. The properties are set off the busy pedestrianised Church Street within a conservation area, the Theatre is Grade II* listed and reputedly the oldest working theatre site in Wales. All the buildings have recently been up-graded and restored and are well-maintained. Street vehicle access for commercial users only.
SAVOY THEATRE, SHOPS & FLATS.: Investment Portfolio:
Set in the heart of this busy and prosperous market town this unique and attractive investment portfolio consists of 3 Grade ll retail shops with 5 apartments above as well as a popular local cinema and music hall. The total commercial net income is approximately £50,000 P.A. and a residential income of approximately £2650 PCM. The properties are set off the busy pedestrianised Church Street within a conservation area, the Theatre is Grade II* listed and reputedly the oldest working theatre site in Wales. All the buildings have recently been up-graded and restored and are well-maintained. Street vehicle access for commercial users only.
N.B.: All the properties are owned within a Limited company which can be sold with the portfolio thus attracting a lower stamp duty levy.
The property portfolio consists of the following:
No 18: SHOP 1: Currently being offered to rent but preiously used as a barbers with one open space to front with large shop window to street with doors into an "L" shaped prep/kitchen area, a lobby and a cloakroom at the back.
No 20: SHOP 2: With shop window to the street with WC and prep room set at the back. Currently let on 5 year lease from March 2020.
No 22: SHOP 3: Currently let on a 2 year lease and used as a gift shop with shop window to street and doors leading into further retail areas, storage room and cloak room with access to back yard.
THE FLATS:: These are set above the shops on two floors with three one bedroomed, one studio and one three bedroomed all let on 6 month shorthold tenancy agreements.
THE SAVOY THEATRE:: This building carries a Grade II* listing and is brick built under a slate roof. The lease was renewed 2018 for 7 years and is run by a charitable trust. The entrance foyer off Church Street has a reception/ticket office and licenced bar and recently up-graded ladies and gents toilets. The theatre has sloping static seating with a capacity of 360 with an extensive and fully equipped stage with cloak room and dressing rooms and there is a first floor balcony with private boxes set off it. There is also a side access onto an allyway, Bell lane. To the side of the building is an outside communual area used as a bin store and fire escape area.
SERVICES:: Mains elecricity, water, gas and drainage.
DIRECTIONS:: From our office walk down Church Street and towards the end on your left you will see the Savoy Cinema and shops close to the intersection of Whitecross and St Marys Street before St Marys Church.
Viewing strictly by appointment only with Phil Smith of Roscoe Rogers & Knight.
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Property reference ROSCO_000307. 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 Roscoe Rogers & Knight - Monmouth.
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