13-14 St Mary Street, Chepstow, NP16 5EW
- PROPERTY TYPE
End of Terrace
- 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
A high-yielding portfolio of established businesses in the centre of Chepstow with income totalling £97,820pa representing a Gross Initial Yield of 15%. (This figure has been amended from earlier advertising - please see addendum note). The property occupies an entire corner of the centre of Chepstow facing St Mary, Upper Church and Nelson streets.
Description
A high-yielding portfolio of established businesses in the centre of Chepstow with income totalling £97,820pa representing a Gross Initial Yield of 15%. (This figure has been amended from earlier advertising - please see addendum note). The property occupies an entire corner of the centre of Chepstow facing St Mary, Upper Church and Nelson streets.
The property is occupied by five operators and briefly comprises a hairdressing salon to the front of the building facing the pedestrianised St Mary Street, to the rear of this unit is a small printing business with upper floors used for storage. Above these units are modern, well-maintained offices which are accessed via a side entrance facing Upper Church Street occupied by an accountancy business.
The rear of the property is occupied by three well established hospitality businesses trading as an French restaurant and wine bar, an Italian restaurant and an Indian restaurant to the first floor. These three businesses are accessed via Nelson street and are conveniently located across the road from the main car park. Please see the brief breakdown of rental income below but please refer to the legal pack for full conformation of all tenancies.
Accommodation
TENANCY SCHEDULE: 13 & 14 ST MARY STREET, CHEPSTOW NP16 5EW
GF Front, 13-14 St Mary Street - Chepstow Hair Studio Limited - 10 years from 01/11/2025 (01/11/2025-31/10/2035) - £16,000pa
GF Mid, 13-14 St Mary Street - Nikolay Akopov (Printing) - 10 years from 01/11/2025 (01/11/2025-31/10/2035) - £12,000pa
GF Rear, 13-14 St Mary Street - DS Group Ltd (Il Fiore Restaurant) - 10 years from 01/04/2021 (01/04/2021-31/03/2031) £15,000pa
16 Nelson Street - FVFC Limited (Tell me Wine) 5 years and 1 day from 12/07/2022 (12/07/2022/11/07/2027) £15,820pa
First Floor Office, 14 Upper Church Street - Macario Lewin Limited - 10 years from 25/12/2019 (25/12/2019-24/12/2029) - £19,000pa
FF - 15 Nelson Street, Chepstow - The Banana Leaf Limited - 15 years from 01/09/2025 (01/09/2025-31/08/2040) £20,000pa.
Therefore total rental income is £97,820pa but please consult the legal pack "Schedule of Leases" and leases themselves for further confirmation of income and tenure.
Please note that as per the auction addendum, the original rental income was noted as £102,820 and has now been amended following receipt of the legal pack
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.5% with a minimum of 1,500.00 (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 Auctions
Viewing
Viewing by appointment with Seel Auctions
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.
- Yes
- 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
13-14 St Mary Street, Chepstow, NP16 5EW
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Visit our security centre to find out moreDisclaimer - Property reference 348981. 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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