About the property
Key features
- Ground floor retail unit with A1(retail) planning permission.
- Potential for financial/professional services use (A2).
Material information
Property description
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :
Size The size of a property or land refers to its physical extent or area. Read our glossary page
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Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page
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Description
LOCATION
The property is located in Chepstow, on Moor Street, linking to High Street which forms part of the town's main retailing pitch. This is a busy vehicular route linking the A48 with High Street (B4293). There is easy access to the M48 and M4 motorway network to the south and the Severn Bridge. The immediate vicinity comprises a mix of national and independent operators including M&S Foodhall, Pontio Lounge, Coffee #1, Superdrug, Greggs, Monmouthshire Building Society, WHSmith, Boots and Lloyds Bank.
DESCRIPTION
Ground floor retail unit with A1(retail) planning permission.
Potential for financial/professional services use (A2).
ACCOMMODATION
The property has been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) the property comprises the following (approx.) areas:-
Description sq m sq ft
Sales 37.50 404
Store
WC
Total Net Internal Area 37.50 404
TENURE
The property is available long leasehold for a term of 99 years from 1990.
SALE PRICE
£90,000 (ninety thousand pounds)
BUSINESS RATES
The Valuation Office Agency website states the premises are currently entered into the rating list as follows:-
Description: Shop & Premises
Rateable Value: £7,600
Interested parties are advised to make their own enquiries with Monmouthshire County Council to ascertain the exact rates payable.
COSTS
Each party to bear their own legal costs incurred in the transaction.
VAT
All prices are quoted exclusive of VAT whether or not chargeable. We do not believe VAT is chargeable on the purchase price, but this will be confirmed.
PLANNING
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.
ENERGY PERFORMANCE CERTIFICATE (EPC)
An EPC has been commissioned.
VIEWING & FURTHER INFORMATION
Through sole agents Bladen Commercial Property Consultants:-
Julian Bladen SUBJECT TO CONTRACT
August 2024
Contact
Based in Bristol and Chepstow, Monmouthshire we are an independent practice specialising in commercial property and development land sales.
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