•Available subject to auction terms and conditions
•Guide Price: £275,000+
•Vacant freehold commercial/development opportunity
•Ground floor retail – no empty business rates payable
•Planning to convert upper floors to residential – planning reference DM/2018/00387
•Prominent town centre location
A terrace property arranged over four floors. The ground floor was previously used as a building society. The accommodation benefits from suspended ceilings with inset fluorescent strip lighting panels, wall mounted split air conditioning units, a mixture of carpet and wood floor covering, security and fire alarm systems and ladies and gents wc's. The basement comprises a kitchen/staff room and three store rooms. There is a courtyard to the rear with access provided from both ground and basement level.
The first and second floors are accessed via the ground floor, by way of a separate entrance. The accommodation was previously used as offices and comprises a number of rooms and wc facilities. Planning consent was passed by Monmouthshire County Borough Council on 27th April 2018 under Application No. DM/2018/00387 to convert the upper floors to a three bedroom duplex apartment.
Total - 2,005 Sq ft (measurement taken from VOA website)
We understand the property has mains electricity, water and drainage.
The ground floor and basement has a rateable value of £19,000 per annum. Rates payable (2019/20) is approximately £9,994.
The first and second floor has a rateable value of £7,100 per annum. Rates payable (2019/20) is approximately £3,735.
VAT if applicable will be charged at the standard rate.
2% (min. £3,600) inc. VAT.
Viewings are by appointment only. Please contact one of our agents on 0115 970 6060 or email firstname.lastname@example.org
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion