Bank Street, Chepstow, Monmouthshire, NP16

DESCRIPTION

The property provides a prominent, early 90’s constructed commercial property occupying a corner position at the top of Bank Street within the heart of the popular town of Chepstow. The premises provides approximately 1520ft2 of modern commercial accommodation with A2 use to the ground floor and B1 use to the upper floors and is deemed suitable for a range of uses subject to planning. The accommodation provides open plan ground floor showroom space currently in A2 use with the potential for A1 Retail Use subject to planning and benefiting from excellent frontage and display space. A staircase to the rear of the showroom provides staircase leading to the first floor office providing large office and meeting room and further to the second floor providing large office and kitchenette. Toilets are provided to the ground and first floors. The property also benefits rear access via a right of way running to the rear of Library Place.

SITUATION

The property is well positioned at the top of Bank Street at the centre of the popular town of Chepstow. Enjoying an elevated position over Bank Street, the property is just yards from the high street and Welsh Street car park. Chepstow itself is an old market town at the approach to south-east Wales from the original Severn Bridge. There is excellent access to the Severn Bridge, providing access eastbound to Bristol city centre, Bristol Parkway railway station, the M5 interchange and London, and westbound to Newport, Cardiff and South Wales. Gloucester and the Forest of Dean are accessible via the A48. Chepstow railway station provides regular rail links, whilst the bus station provides local services and links to Cardiff, Swansea and London Victoria. The town provides a range of national and local retailers and services providers.

ACCOMMODATION

Net Internal Area (NIA) Ground Floor 48.46m2 / 521.62ft2 First Floor 51.30m2 / 552.19ft2 Second Floor 41.48m2 / 446.49ft2 Total 141.06m2 / 1520.30ft2

OUTSIDE

The property benefits from frontage to Bank Street along with rear access via a right of way running to the rear of Library Place. The large Welsh Street public car park is just yards from the property providing excellent parking provision.

SERVICES

The property benefits from mains electricity, gas, water and drainage with gas central heating connected. Interested parties are advised to make their own investigations in this regard.

PLANNING

The property is Grade II Listed and provides use Class A2 to ground floor and B1 to first and second floors. We understand A2 Use to A1 Use is a permitted change for the ground floor however interested parties are advised to make their own investigations with the local authority.

BUSINESS RATES

Rateable Value from April 2023 – £14,250

TENURE

Freehold with vacant possession upon completion. Letting considered with further terms available from the agent

RIGHTS OF WAY & EASEMENTS

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

LOCAL AUTHORITY

Monmouthshire County Council –