SHOP & FREEHOLD OF 3 STOREY BUILDING
125 YEAR LEASE
Leasehold
SHOP & FREEHOLD OF 3 STOREY BUILDING
An excellent investment opportunity to acquire the Freehold of mid-terraced, 3 storey building on the busy Monnow Street with a yield of 8%. The Ground Floor shop has a new 5 year lease (£9,600 p.a.) and has a WC/store and a back entrance. The apartment above has been sold with a 125 year lease and is set on 2 floors with its own access to the main street.
| | The shop and flat pay a total of £2400 per annum for water rates, a parking space each and the sinking fund to cover any repairs and maintenance required to the roof and exterior. | |||
| | There is an informal private parking arrangement for a space for both the flat and shop across the road at the end of Nailors Lane on a 12 monthly basis. | |||
| | The building is Grade II listed and has a textured rendered exterior with inset wooden windows and doors. | |||
| | From Monnow Street there is an inset/recess with a door into the communal passageway and a part glazed door leads into; | |||
| GROUND FLOOR SHOP: | 3.40m x 8.00m (11'2" x 26'3") Tall three sided, bay shop window to front. Electric panel heater and fan heater over door. Power points, low voltage spotlights to ceiling and Fire Alarm system. A Fire escape door at the back leads out to a communal inner courtyard serving the apartment and a terraced house and a part glazed door leads into a single storey; | |||
| | OUTBUILDING:
STORE ROOM: 1.46m x 2.4m With door into separate;
CLOAKROOM: With WC and wall mounted corner basin with tiled splashback.
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| THE APARTMENT: | Let on a 125 years lease.
Accessed via the communal passageway leading to a central courtyard. The entrance hall has a staircase to the First Floor Landing, off which is a Cloak Room, a fitted Kitchen and the Sitting Room. The stairs lead up to the second floor landing off which are two Bedrooms and a Shower Room. There is a gas fired central heating with radiators throughout as well as power points. Hard wired fire alarm system. Mains water, electricity gas & drainage. Council tax band D.
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| SERVICES: | Mains water, electric and drainage.
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| DIRECTIONS: | From our office walk down Monnow Street and the shop is next to Lloyds Bank on your left.
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IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.