3-4 Priory Street, Monmouth, NP25 3BR
Size
4,867
Tenure
Freehold
EPC
Parking
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- Primary use
- High street retail
- Frontage
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Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Bike storage
- Communal areas
- Kitchen
- Storage space
- Central heating
- Basement
Key features
- PRIME MONMOUTH LOCATION
- MIXED -USE INCOME GENERATING ASSET
- £83,400 PER ANNUM
- SIX SELF CONTAINED FLATS FULLY REFURBISHED
- EACH COMMERCIAL UNIT ON A 5 YEAR LEASE AT £750 PCM
- DETACHED COTTAGE
- HIGHLY ATTRACTIVE HISTORIC MONMOUTH LOCATION
- SPV PURCHASE
- LARGE BASEMENT
- ONE TITLE PURCHASE
Description
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.
- Service charge
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- Business rates
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- Use class
- Sui Generis
- Year renovated
- 1
- Listed building
- No
- Floors in building
- 4
- Planning permission
- Approved
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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