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St. Mary Street, Monmouth, Monmouthshire, NP25

Description

A prime opportunity to purchase a unique, Grade II Listed commercial property situated at the heart of the popular town of Monmouth. The property provides commercial accommodation having been in educational use for many years with potential for alternative uses and additional development subject to planning (STP).

Grade II Listed commercial property

Potential for alternative uses STP

Town centre location

Excellent transport links

DESCRIPTION

Dating back to the 19th century, 37 – 39 St Marys Street provides a unique opportunity to purchase a substantial period property with potential for a variety of uses. The properties form a symmetrical and characterful period frontage arranged over three storeys, constructed of painted brick elevations beneath a pitched tiled roof. The property retains a number of original architectural features including traditional sash windows, pedimented doorcases and stone dressings. Internally, the accommodation is arranged to provide a range of office and ancillary spaces across 3 floors, offering flexible use options or redevelopment (STP). The properties benefit from separate entrances, together with a central arched passageway providing access to the rear. The properties also feature Basement storage beneath 37 St Mary Street, walled garden to the rear and former changing room block with potential for office / workshop use (STP)

SITUATION

The property is situated on St Mary’s Street within the historic market town of Monmouth, just a short walk from the town centre and the principal retail thoroughfare of Monnow Street. Monmouth benefits from excellent transport connections, with convenient access to the A40 and A449, providing links to the Midlands, South Wales and the West Country. The town offers a strong mix of independent and national retailers, together with a wide range of cafés, restaurants and public houses, supporting a vibrant and well-established trading environment. Monmouth is also renowned for its highly regarded schooling, including the Haberdashers’ Monmouth Schools and Monmouth Comprehensive School, all located within close proximity of the property.

SERVICES

The properties benefit from mains water, electric and drainage. Mains gas is connected however purchasers will be required to arrange meter installation to the new supply.

AGENTS NOTE

We are advised the neighbouring properties benefit from pedestrian rights of way via central arched passageway and garden. Further information available from the agents.

ACCOMMODATION

Approximately 2700ft2 Gross Internal Area (GIA) Ground floor office space is self contained and benefits from access points to the front of the property. Extending to approximately 2362 ft2. First floor space accessed by two separate staircases, providing 5 rooms and connecting the properties over the central Carriage Arch. The second-floor accesses via two staircases provides 4 principal rooms including a kitchen.

TENURE

Freehold with vacant possession on completion. No. 39 is subject to a flying freehold over the basement of Tudor house.

OUTSIDE

The property benefits from access off St Marys Street through the central Carriage Arch, leading to the rear garden area which is bound by a mix of stone and brick walls.

RIGHTS OF WAY & EASEMENTS

The property is sold with any rights, easements or incidents of tenure which affect it.

PLANNING

Interested parties are advised to make their own investigations with the local authority. Pre-application advice has been sought from Monmouthshire County Council in relation to proposed change of use from Education Use (D1) to Residential Use (C3 & C4) and alternatively to Tourism or Business Uses (B1, C1, D2 and Sui Generis) the principles of which are deemed acceptable subject to detailed considerations. Any change of use or re-development of the property will be subject to full planning and listed building consent. Further information on responses to the Pre-application is available from the agents.

LOCAL AUTHORITY

Monmouthshire County Council –

VIEWING

Strictly by appointment with the Agents: David James – Tel

VAT

We are advised that VAT is not applicable on the sale

Brochures

Particulars
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.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

St. Mary Street, Monmouth, Monmouthshire, NP25

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Affordability

Monthly repayments£1,379
Property: £ 275,000
Deposit: £ 27,500
Interest rate: 5.33%
Term: 30 years
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About David James, Magor

Court Barn, West End, Magor, Monmouthshire, NP26 3HT

David James act in the sale, letting and valuation of all types of commercial property including offices, workshop, retail and storage premises. Historically, acting in the management of rural business lets, our service has expanded to manage investment portfolios, urban and high street properties for our retained clients, advising on lease renewal and end of tenancy matters and ensuring rent collections.

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Disclaimer - Property reference MAG260044. 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 David James, Magor. 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.

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