Monnow Street, Monmouth, Monmouthshire, NP25

Description

An opportunity to purchase a prominent mixed-use property situated in the heart of Monmouth High Street. The property comprises ground floor retail accommodation together with two residential flats to the upper floors, providing a combination of existing rental income and vacant accommodation. The property would be well suited to investors seeking a mixed-use asset, as well as owner-occupiers looking to utilise the available commercial space while benefiting from income generated from the remainder of the property.

Situation

The property is well positioned within the heart of the historic town of Monmouth with frontage onto the main thoroughfare of Monnow Street. Monmouth is an expanding town of over 10,000 population but serving a much larger area and benefits from excellent transport links to both the Midlands, South Wales and West County. The town also benefits from an excellent choice of well-known schools both in the state and independent sector, as well as a good balance of local and national retailers situated in the main street including, Waitrose, Marks and Spencer Simply Food and White Stuff etc.

Accommodation

The ground floor retail space extends to approximately 700 ft2 comprising open plan area to the front with large window space directly onto the main High Street of Monmouth town. To the rear of the unit is additional space with kitchenette and storage. The property has been kept to a high standard and provides light and spacious accommodation retaining many period features including, beams and exposed brickwork. To the rear of the property is a private courtyard providing access to flats to the upper floors and a further self-contained building forming part of the commercial demise. The building currently provides toilet facilities and storage for the retail space however is deemed suitable for alternative uses subject to the granting of the necessary planning permission. There are two residential flats to the upper floors property and accommodation is listed briefly below. First Floor (72a) A well-presented one bedroom first floor flat providing open plan kitchen and (truncated)

Planning

The ground floor has commercial use permitted while the upper floors are in residential use.

Tenure

Freehold subject to existing leases.

Services

We understand that the property benefits from mains water, drainage and electric.

Viewing

Strictly by appointment with David James Tel:

Local Authority

Monmouthshire County Council -