3–4 Priory Street presents an attractive mixed-use investment opportunity occupying a prominent position within the historic Centre of Monmouth, one of Monmouthshire’s most desirable market towns.
The property is contained within a listed historic building and provides a varied income-producing configuration comprising six self-contained studio flats, a separate cottage and two commercial units.
The combination of residential and commercial accommodation provides a diversified rental profile, with scope to increase the current income through the letting of the two currently available studios.
Current Rental Income
The property currently benefits from the following rental income:
Commercial
Commercial Unit 1 – £750 pcm
Commercial Unit 2 – £750 pcm
Residential
Studio Flat 1 – £825 pcm
Studio Flat 2 – £800 pcm
Studio Flat 3 – £775 pcm
Studio Flat 4 - £800 pcm
Studio Flat 5 – £750 pcm
Studio Flat 6 - To let - £750 pcm
Cottage - £750 pcm
This provides current contracted rental income of approximately £6,200 pcm / £74,400 per annum, excluding the two vacant studios.
Once the two vacant studios are occupied, the six studios, cottage and two commercial units are anticipated to generate approximately £6,950 pcm, equivalent to approximately £83,400 per annum.
The property therefore offers an investor the opportunity to acquire an established mixed-use asset with immediate income, additional rental upside and multiple income streams.
