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Prime Commercial Premises, 49/51 Monnow Street, Monmouth, NP25 3EQ

7,620 Sq Ft / Retail / Class E - incl Office Leisure Healthcare

For Sale - £395,000.00

Available - Last updated: 15 April 2024

Our client is seeking to sell the vacant site upon which previously stood the building shown in the above picture. The site has been extensively cleared following fire damage.

The site has planning consent for new retail premises, and we have a structural engineer’s report to confirm that some of the existing structure can be re-used.

Location

Monmouth is a thriving market town with a loyal shopping catchment and a significant draw for tourists.

Monnow Street is the town’s long established primary retail pitch, anchored by the likes of Marks & Spencer, Boots and Waitrose. Monmouth also benefits from a vibrant mix of pubs, restaurants and cafes.

Accommodation

The site may redeveloped to provide one large, or two small unit shops (subject to amendment of the current consent).

A single large store could potentially extend to the following approximate areas:

Internal Width - 11.43.m  (37 ft 6”)

Shop Depth - 36.6 m  (120 ft)

Ground Floor - GIA 371.6 sq m  (4,000 sq ft)

First Floor GIA - 325.2 sq m  (3,500 sq ft)

Terms

Terms - The site is available, as is, on a freehold basis, subject to VP.

Price - Our client is inviting offers in the region of £395,000.

Planning - The property has consent for uses within Class E. Alternative uses may be considered, subject to Planning Consent.

We can provide interested parties with plans for the development that is consented and with a Structural Engineer’s report.

Build Costs - Our client has received a cost estimate for building the consented development, totaling circa £210,000, but parties are advised to seek their own advice.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £395,000.00 NA

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Contact agents

Russ Power

M & P Property Consultants LLP

0117 369 1277



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