14-16 Monk Street, Abergavenny, NP7 5NP

Guide Price £280,000

Sold STC
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire

14-16 Monk Street, Abergavenny, NP7 5NP

Guide Price £280,000

An opportunity to purchase a prominent mixed use property within the town of Abergavenny. The property provides two income producing retail units to the ground floor with a two bedroom residential flat above. The freehold interest of a further two bedroom second floor flat is included subject to a long leasehold.

14-16 Monk Street, Abergavenny, NP7 5NP

Guide Price £280,000

An opportunity to purchase a prominent mixed use property within the town of Abergavenny. The property provides two income producing retail units to the ground floor with a two bedroom residential flat above. The freehold interest of a further two bedroom second floor flat is included subject to a long leasehold.

Description

A prominent mid terrace, mixed use property well situated within the popular town of Abergavenny. The property provides two ground floor retail units with frontage onto Monk Street. A separate access leads to a first floor two bedroom flat and further to a second storey flat which is included in the freehold of the property subject to a long leasehold with 90 years unexpired and subject to a ground rent payable to the freeholder.

Situation

The property is well positioned on Monk Street at the heart of the popular town of Abergavenny. The town provides a range of pubs, restaurants, coffee shops along with post office and various professional services and a wide range of local and national retailers. A public car park and bus station is located directly opposite the property while the train station is just a short walk away. The property also benefits from good access to the major road networks via the A465 and A40 providing further access to the A449 at Raglan and further to the M4 at Newport.

Accommodation

Ground Floor 14 Monk Street Retail space of approximately 520ft2 and currently in use as a hairdressing salon. The unit provides open plan salon space with access and window display onto Monk Street. To the rear of the unit is an admin/kitchenette area, store room, toilet and access to the rear garden. 16 Monk Street Retail space in excess of 500ft2 and having been occupied as a bookshop for many years. The unit provides a main retail area with access and window display onto Monk Street with additional retail areas and storage to the rear. The unit benefits from counter and kitchenette, toilet and access to the rear garden. First Floor The first floor flat provides a spacious 2 bedroom flat with large living room, kitchen, two double bedrooms and bathroom. Overlooking Monk Street with views of The Priory Church of St Mary, the flat is currently vacant and has an abundance of natural light and potential for modernisation.

Outside

The property benefits from an enclosed garden area to the rear with access from both retail units.

Rental Income

Combined annual rental of the two ground floor retail units is currently £11,500 exclusive with lease terms available from the selling agent. The long leasehold of the second floor flat is subject to a current ground rent of £50 per annum. The first floor flat is currently vacant

Rateable Value & Council Tax

14 Monk Street - £5,500 16 Monk Street - £5,900 14A Monk Street – Council Tax Band B

14 Monk Street

Current Energy Rating is D

14A Monk Street

Current Energy Rating is D it has the potential to be C

16 Monk Street

This Property's current energy rating is C

Tenure

Freehold subject to current lease agreements on ground floor retail units and long leasehold on second floor flat

Rights of Way & Easements

The property is sold with any rights, easements or incidents of tenure which affect it.

VAT

The guide price stated is exclusive of VAT whether or not chargeable

Local Authority

Monmouthshire County Council – 01633 644 644

Services

We understand the property benefits from mains water, drainage and electric along with mains gas central heating to the first floor flat.

Viewing

Strictly by appointment with the Agents: DJ&P Newland Rennie Tel: 01633 880220

  • Investment opportunity
  • Town Centre location
  • Excellent transport links
  • Parking nearby
Download Brochure
Save property

Enquiries/Viewings

Name

Phone

Email

Enquiry / arrange a viewing
I have read, understood and agree to the terms of the Privacy Policy
(If you do not consent to the terms of the Privacy Policy we will be unable to process this web form)

I also agree to DJP Newland Rennie using my personal data for the following optional services:

Please select how you would like to be contacted about our services:

Email to a Friend

YOUR name

YOUR email

FRIEND'S name

FRIEND'S email
Message
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire
NP7 5NP, Monmouthshire