Monnow Street, Monmouth, NP25

SHOP & FREEHOLD OF 3 STOREY BUILDING
An excellent investment opportunity to acquire the Freehold of mid-terraced, 3 storey building on the busy Monnow Street with a yield of 8%. The Ground Floor shop has a new 5 year lease (£9,600 p.a.) and has a WC/store and a back entrance. The apartment above has been sold with a 125 year lease and is set on 2 floors with its own access to the main street.

The shop and flat pay a total of £2400 per annum for water rates, a parking space each and the sinking fund to cover any repairs and maintenance required to the roof and exterior.

There is an informal private parking arrangement for a space for both the flat and shop across the road at the end of Nailors Lane on a 12 monthly basis.

The building is Grade II listed and has a textured rendered exterior with inset wooden windows and doors.

From Monnow Street there is an inset/recess with a door into the communal passageway and a part glazed door leads into;

GROUND FLOOR SHOP:: 3.40m x 8.00m (11'2" x 26'3"), Tall three sided, bay shop window to front. Electric panel heater and fan heater over door. Power points, low voltage spotlights to ceiling and Fire Alarm system.
A Fire escape door at the back leads out to a communal inner courtyard serving the apartment and a terraced house and a part glazed door leads into a single storey;


OUTBUILDING:
STORE ROOM: 1.46m x 2.4m With door into separate;
CLOAKROOM: With WC and wall mounted corner basin with tiled splashback.


THE APARTMENT:: Let on a 125 years lease.
Accessed via the communal passageway leading to a central courtyard. The entrance hall has a staircase to the First Floor Landing, off which is a Cloak Room, a fitted Kitchen and the Sitting Room. The stairs lead up to the second floor landing off which are two Bedrooms and a Shower Room. There is a gas fired central heating with radiators throughout as well as power points. Hard wired fire alarm system. Mains water, electricity gas & drainage. Council tax band D.


SERVICES:: Mains water, electric and drainage.


DIRECTIONS:: From our office walk down Monnow Street and the shop is next to Lloyds Bank on your left.