Land for sale

Former Chepstow Castle Hotel , Bridge Street, Chepstow

Guide Price £950,000

Property Description

Key features

  • Grade II Listed
  • Conservation Area PP for 4 x dwellings (2xdet and 2xsemi det) Total Floor area 466 sqm
  • 18 car parking spaces
  • Private Gardens and Communal Areas
  • Overage Clause reserving 30% over 5 years

Full description

Tenure: Freehold


A former pub opposite the Castle with planning permission for conversion to dwelling and 4 dwellings.Refurbishment of pub to provide 2 reception rooms, Kitchen, Utility & wc, 5 bedrooms and 3 bathrooms over three floors plus attic room.


Situation 
The property is located in the market town of Chepstow close to the Castle with convenient access to the M48 and M4/M5. All local amenities are available in Chepstow with Bristol, Newport and Cardiff being within commuting distance. Rail links are excellent with Chepstow having its own station.

Description 
The former public house fronts onto Bridge Street and has a view of the Castle which is directly opposite. It is proposed that this will be refurbished into private accommodation. To the rear are large gardens and a car park with are accessed off Church Road. Parking for 18 vehicles has been provided with a walkway providing access to the new dwellings and the former public house. The new development will be set in a historic setting and provide a total floor of 466 sqm and the conversion of the public house will create an additional 5 bedroom dwelling with a large floor area over three floors with an attic room and cellar. Aerial Drone Video Please Follow Link

Outside 
Each dwelling will have private amenity space and there will be a communal parking area and walkway.

Tenure 
The site is to be sold freehold, with vacant possession.

General 
Monmouthshire County Council –

Rights of Way, Easements and Covenants 
The site is sold with any rights, easements or incidents of tenure which may affect it. There is a right of way in favour of a neighbouring property and an easement for a sewer through the car park.

Services 
Mains drainage, gas, electricity and water are connected to the former public house with gas central heating. Mains services are available in the locality subject to connection. EPC Rating F VAT will be payable on the Purchase Price

Planning 
Planning was granted on August 2020 for the “demolition of modern extensions and conversion of original public house building to residential. Erection of 4 dwellings to the rear with car parking and associated external works”. The reference no for this planning permission is DM/2019/01921 and Listed Building reference No: DM/2019/01922. There are eight conditions attaching to this consent and permission is subject to S106 Agreement (to be completed), further details available on request. The development scheme provides the following accommodation: Plot m2 Description 1 det 110 3xDble bed + 2xbath + attic room 2 semi-det 120 3xDble + 1xs beds + 2xbath 3 semi-det 108 3xDble + 1xs beds + 2xbath 4 det 128 3xDble + 1xs beds + 2xbath Total floor area 466 sqm. The former public house will provide the following accommodation: Ground Floor – Entrance Hall, Cloakroom, Kitchen and two reception rooms. First Floor – Landing, Two Bathrooms, Three Double bedrooms. Second Floor...

Overage 
There will be an overage clause reserving 30% of any increase in market value arising from the grant of planning permission for more than 5 dwellings. This clause will apply for a term of 5 years.

Planning Permission 
A Section 106 Agreement is due to be completed within 6 months following the resolution to grant planning permission. The financial contribution for affordable housing will be £35,076 for the four new houses.

Demolition 
A quote for the demolition of the ancillary buildings has been obtained from Bens Reclamation for a sum of £12,000 plus vat. This excludes gas or wiring removal.

More information from this agent

Listing History

Added on Rightmove:
26 September 2020

Nearest stations

  • Chepstow (0.4 mi)
  • Caldicot (5.7 mi)
  • Severn Tunnel Junction (6.2 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

DJ&P Newland Rennie, Chepstow

Portwall House, Bank Street, Chepstow, NP16 5EL

01291 798015 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Chepstow (0.4 mi)
  • Caldicot (5.7 mi)
  • Severn Tunnel Junction (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

DJ&P Newland Rennie, Chepstow

Portwall House, Bank Street, Chepstow, NP16 5EL

01291 798015 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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