Flat for sale in Bank Street, Chepstow, Monmouthshire NP16

Offered to the market with no onward chain, 11 Bank Street comprises a Grade II Listed, three-storey property situated in a prime central location within the historic market town of Chepstow. This is a fantastic and rare opportunity to acquire a mixed-use investment opportunity affording a ground floor commercial unit and two-bedroom Maisonette above.

The ground floor commercial accommodation provides in
excess of 450ft2 of A1 retail use on a net internal area basis
and has the ability to be self contained from the upper floors.
The accommodation provides open plan space to the front
benefitting from large window frontage and direct access from
Bank Street with additional workspace, kitchen and WC to the
rear. A new 3 year lease commenced November 2023 with
rent passing at £9000 per annum exclusive.

The Maisonette affords well-planned living accommodation, arranged over the first and second floor and comprises open plan kitchen/ diner, separate lounge, two double bedrooms and a bathroom. There is also a pretty courtyard garden and one allocated off-street parking space at the rear of the property. The potential rental income could be in the region of £850 to £900 per calendar month.

Situation

The property is situated in the town centre. Chepstow itself is an old market town at the approach to south-east Wales from the original Severn Bridge, with a history dating back to the Norman times witnessed by the surrounding stone Portwall and prominent Castle, situated nearby. The riverside with its band stand and tapas bar and public house provides a pleasant area for a stroll. There is excellent access to the Severn Bridge, providing access eastbound to Bristol city centre, Bristol Parkway railway station, the M5 interchange and London, and westbound to Newport, Cardiff and South Wales. Gloucester and the Forest of Dean are accessible via the A48. Chepstow railway station provides regular rail links, whilst the bus station provides local services and links to Cardiff, Swansea and London Victoria. The renowned Wye Valley is a short distance away.

Accommodation - Maisonette

First Floor

The Maisonette is accessed by front entrance door (directly off Bank Street) which leads into a small hall with staircase leading to the first floor. The first floor comprises an open plan kitchen/ diner comprising a range of fitted neutral units with wood worktop and tile splash back. Inset sink with drainer and integrated appliances to include fridge, freezer, electric oven/ grill, four ring hob and overhead extractor fan. Window to the rear aspect and tiled floor. Open plan to dining area affording a door leading to the rear courtyard, wooden floor, staircase to second floor and door leading into the lounge. The lounge offers a spacious reception room with exposed wooden floorboards, feature exposed stone wall and window to the front aspect.

Second Floor

The second-floor landing provides access to two double bedrooms both benefitting built-in wardrobes, as well as a bathroom with suite comprising panelled bath with shower unit over and tile surround, WC and pedestal wash hand basin. There is also an airing cupboard.

Outside

Both the ground floor commercial property and Maisonette are accessed by separate entrances directly off Bank Street to the front. At the rear of the property, there is access into the ground floor and steps leading up to rear access leading into the Maisonette. There is a pretty, private courtyard area ideal for dining and entertaining as well as one allocated parking space for the Maisonette. There is also direct rear access leading to the Portwall public car park.

Services

The property benefits mains electricity, water and drainage. Heating is by electric storage heaters.
Maisonette - EPC rating D.

Local Authority

Monmouthshire County Council. The Maisonette is a Band C.
Rateable Value - £6900

Tenure

We are informed the property is Freehold subject to
existing lease agreements, intending purchasers should
verify this with their solicitor.

Viewing

Strictly by appointment with the Agents: David James.