36 Frogmore Street, Abergavenny, NP7 5AN
- PROPERTY TYPE
Detached
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Freehold Investment comprising three retail units in Abergavenny town centre. Rental income totalling £24,000pa, representing an Initial Gross Yield of 13.7%.
Description
Freehold Investment comprising three retail units in Abergavenny town centre. Rental income totalling £24,000pa, representing an Initial Gross Yield of 13.7%.
The building is a former chapel which has been converted and comprises two ground floor units of similar size and an imposing first floor studio and flower workshop with access at the upper level off Radstock Court/Regent Street. The Net Internal Area (NIA), extends to approximately 4287sqft (398sqm) based on rating information.
We have been informed the occupation schedule briefly comprises as below but please consult the legal pack when available for confirmation of all tenancies and rental information;
36a Frogmore Street (1104sqft approx.) - A mini-market/vape shop, trading as Lambo, let for Five years from 20/11/24 at rental of £8500 pa exc. with an upward only rent review at end of year two.
36b Frogmore Street (1202sqft approx.) - Let to an individual T/A Mayzmusik Performing Arts Academy, lease renewed for a term of three years from 1/7/25 at a rental of £8500 pa exc.
36c Frogmore Street: (1981sqft approx.) - Let to an individual T/A Love Lily, Florist and Flower School, let for Five years from 1/9/25 at a rental of £7000 pa exc, subject to a capped rent review in 9/27 and tenant only break at the end of the third year.
36 Frogmore street is located on the A40 passing through the town centre of Abergavenny and in easy reach of the prime retail area with its mix of established traders and national brands.
Please note that further pictures will be added in the coming days.
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co
Viewing
Viewing by appointment with Seel and Co
Brochures
Legal DocumentsOnline Bidding- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- 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
36 Frogmore Street, Abergavenny, NP7 5AN
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Visit our security centre to find out moreDisclaimer - Property reference 310609. 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 Seel & Co Ltd, Cardiff - Auctions. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Seel & Co Ltd, Cardiff - Auctions on 029 2271 6399.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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