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Bank Street, Chepstow, Monmouthshire, NP16

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Fantastic opportunity to acquire a mixed-use investment property including a freehold building plot
  • Three-storey townhouse affording ground floor Commercial & two-bedroom Maisonette
  • Prime town centre location
  • Maisonette comprising kitchen/ diner, lounge, two double bedrooms & bathroom
  • Maisonette also boasting rear courtyard garden & allocated off-street parking space
  • In excess of 450ft2 ground floor commercial space benefitting from A1 retail use
  • Current rent to ground floor commercial unit - £9000 per annum exclusive
  • Offered with no onward chain

Description

Offered to the market with no onward chain, 11 Bank Street comprises a Grade II Listed, three-storey property situated in a prime central location within the historic market town of Chepstow. This is a fantastic and rare opportunity to acquire a mixed-use investment opportunity affording a ground floor commercial unit and two-bedroom Maisonette above.

The ground floor commercial accommodation provides in
excess of 450ft2 of A1 retail use on a net internal area basis
and has the ability to be self contained from the upper floors.
The accommodation provides open plan space to the front
benefitting from large window frontage and direct access from
Bank Street with additional workspace, kitchen and WC to the
rear. A new 3 year lease commenced November 2023 with
rent passing at £9000 per annum exclusive.

The Maisonette affords well-planned living accommodation, arranged over the first and second floor and comprises open plan kitchen/ diner, separate lounge, two double bedrooms and a bathroom. There is also a pretty courtyard garden and one allocated off-street parking space at the rear of the property. The potential rental income could be in the region of £850 to £900 per calendar month.

Situation

The property is situated in the town centre. 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 witnessed by the surrounding stone Portwall and prominent Castle, situated nearby. The riverside with its band stand and tapas bar and public house provides a pleasant area for a stroll. There is excellent access to the Severn Bridge, providing access eastbound to Bristol city centre, Bristol Parkway railway station, the M5 interchange and London, and westbound to Newport, Cardiff and South Wales. Gloucester and the Forest of Dean are accessible via the A48. Chepstow railway station provides regular rail links, whilst the bus station provides local services and links to Cardiff, Swansea and London Victoria. The renowned Wye Valley is a short distance away.

Accommodation - Maisonette

First Floor

The Maisonette is accessed by front entrance door (directly off Bank Street) which leads into a small hall with staircase leading to the first floor. The first floor comprises an open plan kitchen/ diner comprising a range of fitted neutral units with wood worktop and tile splash back. Inset sink with drainer and integrated appliances to include fridge, freezer, electric oven/ grill, four ring hob and overhead extractor fan. Window to the rear aspect and tiled floor. Open plan to dining area affording a door leading to the rear courtyard, wooden floor, staircase to second floor and door leading into the lounge. The lounge offers a spacious reception room with exposed wooden floorboards, feature exposed stone wall and window to the front aspect.

Second Floor

The second-floor landing provides access to two double bedrooms both benefitting built-in wardrobes, as well as a bathroom with suite comprising panelled bath with shower unit over and tile surround, WC and pedestal wash hand basin. There is also an airing cupboard.

Outside

Both the ground floor commercial property and Maisonette are accessed by separate entrances directly off Bank Street to the front. At the rear of the property, there is access into the ground floor and steps leading up to rear access leading into the Maisonette. There is a pretty, private courtyard area ideal for dining and entertaining as well as one allocated parking space for the Maisonette. There is also direct rear access leading to the Portwall public car park.

Building Plot

A freehold building plot benefitting full planning permission under reference DM/2020/00720 dated 23rd December 2022, with Monmouthshire County Council for the erection of a two storey, two-bedroom detached dwelling with two parking spaces. The property will be located in the parking lot at the rear of 11 Bank Street, in a prime town centre location within easy walking distance of all local amenities.

Services

The property benefits mains electricity, water and drainage. Heating is by electric storage heaters. Maisonette - EPC rating D.

Local Authority

Monmouthshire County Council. The Maisonette is a Band C. Rateable Value - £6900

Tenure

We are informed the property is Freehold subject to existing lease agreements, intending purchasers should verify this with their solicitor.

Viewing

Strictly by appointment with the Agents: David James.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Bank Street, Chepstow, Monmouthshire, NP16

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About David James, Chepstow

Unit 6 Manor Way, Library Place, Chepstow, NP16 5HZ
Industry affiliations:

David James is a leading Estate Agents, Chartered Surveyors and Planning practice with six branches and a history that reaches all the way back to 1849. We are justifiably proud of our heritage and we believe in delivering an impeccable service with a down to earth and friendly approach. Whether you are looking for your dream home, to sell a property, or need farming, land or development advice, nobody is better placed to help you achieve your goals.

Our expert teams are deeply embedded in the communities in which they operate, providing unparalleled knowledge and insight, with most of us having been born and raised where we work. Our deep understanding of the market means we are trusted partners who can help our clients to navigate the complexities of buying, selling, commercially letting or repurposing property.

Why sell your property with us?

Experienced Team - Expert advice from experienced agents

No fee no obligation - No fee, no obligation market appraisals with comparison reports.

Marketing - Bespoke, professional marketing package, including property brochure, photographs, floor plans and drones if needed.

Exposure - Exposure on national selling portals including Rightmove, Zoopla, Onthemarket and our own social media channels.

Database - Comprehensive client database for buyers and sellers.

Peace of mind - Fully managed sale from instruction to completion.

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Disclaimer - Property reference CHE230193. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by David James, Chepstow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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