Thomas Street, Chepstow, Monmouthshire, NP16

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 54.66 588
WC
Total Net Internal Area 54.66 588

TENURE

The property is available to let by way of assignment of the existing lease.

RENT

£9,600 per annum plus VAT. (£800 pcm plus VAT)

BUSINESS RATES

The Valuation Office Agency website states the premises are currently entered into the rating list as follows:-

Description: Shop & Premises
Rateable Value: £7,100

Interested parties are advised to make their own enquiries with Monmouthshire County Council to ascertain the exact rates payable. It is likely many occupiers will not pay any business rates.

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 believe VAT is chargeable on the rent.

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)

The property has an EPC of 48 B.

VIEWING & FURTHER INFORMATION

Through sole agents Bladen Commercial Property Consultants:-

Julian Bladen



Subject to Contract
September 2024