Offers in region of
£295,000
(£372.47/sq. ft)
Retail premises for sale120-122 Monnow Road, 120-122 Monnow Street, Monmouth NP25
From 792 - 1,640 sq. ft
About this property
Prominent retail investment opportunity.
Current rental income £25,000 per annum plus a residential ground rent of £250 per annum.
Available freehold subject to the occupational tenancy and long leasehold flat.
Let to Monmouth Fabrics and Soft Furnishings Ltd for a term to expire March 2028.
Includes a ground rent income from the residential flat on the second floor.
The property is a Grade II listed three-storey rendered building of traditional construction, painted white with contrasting dark timber trim, forming part of a terrace within the town centre. The upper two floors feature timber sash and casement windows under painted lintels.
The ground floor comprises a glazed retail frontage with two large display windows flanking a recessed, canopied entrance, beneath a fascia sign. A cellar provides further storage space.
Location
The historic market town of Monmouth supports a town population of 10,500 and sits at the confluence of the Rivers Wye and Monnow. The town benefits from good regional road communications via the A40 dual carriageway, which links to the M50 at Ross-on-Wye and, in turn, the M5 and M4 motorway network. In addition, the A449 dual carriageway provides a fast southbound link to the M4 (Junction 24) at Newport.
The property is situated in a prominent position on Monnow Street, the principal retailing thoroughfare of Monmouth town centre, which comprises a strong mix of independent retailers, cafes, restaurants and pubs, whilst benefitting from consistently high footfall. Neighbouring occupiers include a public house ‘The Robin Hood’, as well as Waitrose, Ladbrokes and a Loungers Café bar.
Mortgage calculator
£1,475 per month
70+ lenders and 10,000+ products
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}