2 bed flat for sale

St Marys Street, Chepstow NP16

Description

A unique opportunity to purchase a really quaint retail property within the heart of the historic town of Chepstow with glass frontage onto St Mary Street. This property was constructed in the 1900’s with ground and basement floors for retail use along with the added benefit of a 2 storey maisonette above with separate access from the rear courtyard. Prospective purchasers will benefit from a range of potential uses available to them (Usage change will need permission). The ground and basement retail areas have a kitchenette and wc. The maisonette above has a newly fitted kitchen with dining area, spacious lounge, 2 bedrooms and modern bathroom with electric shower. Outside decked area.
Location

Situated in the town centre of Chepstow, with easy access to the M48 and M4 motorway network to the Severn Bridge. There is a huge variety of amenities including many of which are privately owned sole traders, restaurants, public houses, restaurant, financial institutions and estate agencies this unit is in the thick of the town. Chepstow Castle attracts visitors all over the world and events held throughout the year which are well supported by residents and tourists with just a short walk away to the riverside area with it’s stunning band stand. The Severn Bridge is very accessible and ideal for commuting, along with Chepstow Racecourse being a short distance away with a train station and bus station for access to Bristol and beyond, the M5 interchange and London, Newport and Cardiff are westbound with easy access to the Forest of Dean and Gloucester.
Planning

Retail unit has A1 (retail) planning permission but there is potential for A2 (financial/professional services)
Accommodation

Commercial Unit
Front retail 23’09” x 12’04” (rear door to amenities, stairs leading to basement)
Basement (Rear) 12’09” x 8’08” (wooden double doors division)
Basement (Front) 12’09” x 8’07”
Kitchen ette 6’10” x 3’09” (rear access to courtyard)
W/C 3’08” x 3’00”

Maisonette is accessed via an off-street doorway on St Mary St leading into a courtyard area with and metal steps leading to decked area:

Maisonette
Kitchen with diner 13’00” x 10’00” (fully fitted kitchen with storage cupboard)
Lounge 14’09” x 14’02” (staircase to upper level)
Bedroom 1 (Front) 13’11” x 11’07”
Bedroom 2 (Rear) 8’07” x 8’03” (built in cupboard)
Bathroom 5’09” x 5’09” (3 piece white suite with Triton TX7000 electric shower)
Heating Electric storage heaters
Currently tenanted achieving income of £11,100pa
Tenure

Freehold
Business rates

Valuation Office Agency states Rateable Value as £7,600pa.
Interested parties are advised to make their own enquiries with Monmouthshire County Council to ascertain the exact rates payable.
Council tax

Band C
Planning

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

We understand that mains electricity and water are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective lessees must rely on their own investigations as to their existence and condition.

Wayleaves, easements and rights of way
The land is sold subject to, and with the benefit of, all existing obligations and rights, including rights of way, whether public or private, light, support, drainage, water, electricity supplies and other obligations, easements, quasi-easements, and all wayleaves, whether referred to or not in these particulars.
Terms

The site is for sale freehold at an asking price of £365,000.
VAT

We understand that VAT is not charged on the rent.
Legal costs

Each party to pay their own legal costs incurred.
Viewing

Please contact us on to view.
Strictly by appointment with the Agents

Agents Note:
Smooth Moves Property Agents Limited is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
All room sizes are approximate. Electrical installations, plumbing and central heating installations along with drainage installations are noted on the basis of a visual inspection only. They have not been tested and no warranty of condition fo fitness for purpose is implied by their inclusion. Potential purchasers are warned that they must make their own enquiries as to the condition of appliances, installation or of any element of the structure of fabric of the property.
Smooth Moves Property Agents Limited for themselves and for the Vendors and Lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of the intended Purchasers or Lessees and do not constitute part of an offer of contract (ii) all descriptions, dimensions, reference to condition and necessary permissions are for use and occupation and other details are given without responsibility and any intending Purchasers or Tenants should not reply on them as statements or representations of fact but satisfy themselves buy inspection of otherwise as to the correctness of each of them (iii) no person in the employment of Smooth Moves Property Agents Limited has any authority to make or give any representation or warranty whatever in relation to the property