St. Mary Street, Chepstow, Monmouthshire, NP16

DESCRIPTION

5 St Mary Street provides a prominent Grade II Listed property dating back to the 18th century and now providing an attractive, mixed use investment property providing accommodation over three storeys. Benefitting from frontage onto the popular St Mary Street, the property also includes St Mary’s Arcade providing a pedestrian link between St Mary Street and Nelson Street. Two retail units are set to the ground floor with Unit 5 providing a vacant retail unit with large window frontage to St Mary Street and basement kitchen/storage. Unit 3 is let as a whole with accommodation split into two units either side of St Mary’s Arcade. Two flats to the upper floors are accessed via a staircase from St Mary’s Arcade and both currently occupied, flat 1 providing a 2-bedroom maisonette over first and second floors with Flat 2 providing a first floor 2 bedroom flat. Accommodation is briefly comprised as follows: Flat 1 - two double bedrooms, bathroom, large living room and kitchen (truncated)

OUTSIDE

The property has direct access onto St Mary Street and includes St Mary’s Arcade providing a pedestrian link between St Mary’s Street with Nelson Street. Nelson Street public car park is set nearby.

SITUATION

The property is situated at the heart of the historic town of Chepstow with frontage onto St. Mary Street and St. Mary Arcade. Chepstow itself is an old market town at the approach to south-east Wales from the original Severn Bridge, with a history dating back to the Norman times. The town benefits from many tourist attractions including the impressive Chepstow Castle and museum along with walking and outdoor activities in the picturesque Wye Valley. Chepstow benefits from excellent transport links with direct access to the original Severn Bridge and further to the M5 interchange along with access to the M4 at Newport to the west. There are also regular bus and rail services from the town ensuring connectivity to Cardiff, Bristol and London.

TENURE

Freehold available subject to existing lease agreements. Further information available from the agents.

RIGHTS OF WAY & EASEMENTS

The property is sold with any rights, easements or incidents of tenure which affect it.

PLANNING

Interested parties are advised to make their own investigations with the local authority.

LOCAL AUTHORITY

Monmouthshire County Council –

SERVICES

The property benefit from mains water, electric and drainage. Interested parties are advised to make their own enquires with the relevant authorises to confirm services.

BUSINESS RATES & COUNCIL TAX

Current rateable value Unit 5 – £6,700 Unit 3 – £9,800 Current council tax Flat 1 – B Flat 2 – B

RENTAL INCOME

Current combined rent passing £31,300 per annum exclusive. Further information available from the agents.

VIEWING

Strictly by appointment with the Agents: David James Tel