For Sale By Auction | 19:00, 12 December 2018 | Lot 14

6-8 St James Street, Monmouth, Monmouthshire, NP25 3DL

*Guide | £270,000 + (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 12/12/2018

Auction Time

19:00

Auction Venue

Village Hotel 29 Pendwyallt Road, Coryton, Cardiff, CF14 7EF

Viewing Times:

Wed 28 Nov

10:30-11:00

Wed 5 Dec

14:00-14:30

Retail Unit

The Property is situated on St James Street in Monmouth Town Centre. The Property has great prominence to St James Street and from the A40 dual carriageway road that links the M4 motorway at Newport in South Wales with the M50 motorway at Ross-on-Wye; this connects in turn with the M5 motorway south of Worcester in the West Midlands.

Tenure

See Legal Pack

Description

The Property comprises a ground floor double fronted retail unit with part first floor area. Internally, the Property provides an open plan sales area with stores and a commercial kitchen with extraction canopy with toilets to the ground and first floor levels. The Property has been finished to a high specification and is capable of immediate occupation which was previously trading as a restaurant.

Accommodation

The Property has been measured on a Net Internal Area as below: Ground Floor: 142.2 sq m / 1,530 sq ft First Floor: 53.34 sq m / 596 sq ft NIA: 195.5 sq m / 2,126 sq ft

Planning

Interested parties are advised to make their own enquiries to the local authority. The most recent use was as a restaurant under an A3 Planning Use.

Business Rates

From information gathered online from the valuation office we believe that the Property has a rateable value of £22,750 p.a. The UBR for Wales (2018/2019) is 0.514 p to the £1.00. Parties are asked to make their own enquiries with the Local Valuation Office.

Viewing Schedule

Wednesday 28th November 10.30-11.00 Wednesday 5th December 14.00-14.30

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Monmouthshire County Council

Solicitors

Spicketts Battrick, 3 - 4 Gelliwastad Road, Pontypridd, CF37 2AU, Tel: 01443 407221

Additional Fees

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.