Manor Way, Chepstow, Monmouthshire

LOCATION

The property is located on Manor Way, Chepstow, currently providing a ground floor retail/office unit with one upper floor providing office accommodation and staff facilities. This is a mixed retail, commercial and residential area in Chepstow, providing strong footfall being in Chepstow town centre. Chepstow itself is a border town situated in Monmouthshire with strong links to Bristol, Newport and Cardiff via the M5 and M4 motorway network and Chepstow train station. Nearby occupiers include Auralou Bridal Boutique, First Stop Stationary, David James Estate Agents, Albion House Hairdressers and The Red Lantern Chinese Restaurant.

DESCRIPTION

 Rare freehold investment opportunity on Bank Street.
 Prominent town centre location.
 Let to a strong national covenant.
 Occupied ground floor retail unit with first floor office space.
 Currently Let to Coventry Building Society at £20,000 Per Annum.

TENURE

The property is available on a freehold basis, subject to the occupational lease.

The property is let on a full repairing and insuring lease for a term of five years commencing 6 July 2026 at a rent of £20,000 per annum plus VAT.

There is a tenant only break clause at the end of year three on six months prior notice.

ASKING PRICE

£ 250,000.00 Subject to Contract. This provides a Net Initial yield of 7.85% after deduction of purchasers costs at 1.9%.

BUSINESS RATES

The Valuation Office Agency website states the premises are currently entered into the rating list as follows:-

Description: Bank & Premises
Rateable Value: £20,250

Interested parties are advised to make their own enquiries with Monmouthshire County Council to ascertain the exact rates payable.

ACCOMMODATION

We have used the Valuation Office Agency floor areas and the property comprises of the following areas below:

Description Sq m Sq ft
Ground Floor 98.61 1,061

First Floor Office 80.95 871

Total Net Internal Area 179.56 1,932

COSTS

Each party to bear their own legal costs incurred in the transaction.

VAT

All prices are quoted exclusive of VAT whether or not chargeable. We do not believe VAT is chargeable on the rent but this will be confirmed.

PLANNING

We have not made any enquiries Monmouthshire County Council with regards to the current planning consent, however, we have assumed that the property will be suitable for A1 (Retail) and A2 (Financial and Professional Services) use under the Town & Country Planning (Use Classes Wales) Order 1987. Interested parties are advised to make their own enquiries to ensure their proposed use would be permitted.

VIEWING & FURTHER INFORMATION

Through sole agents Bladen Property Consultants:-

Julian Bladen

Luke Bladen

SUBJECT TO CONTRACT
OCTOBER 2026