Entirely let to The Edinburgh Woollen Mill Limited
Located on Monmouth’s prime retailing thoroughfare opposite The Oldway Shopping Centre
Nearby occupiers include Marks & Spencer, Boots, W H Smith, Burton, Superdrug and Caffè Nero
On-site car parking
Lot 29
Auction 11th December 2014
Rent
Status Sold
Price £576,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On Behald of Receivers
Property Information
Location
Miles
25 miles north of Bristol 32 miles east of Cardiff
Roads
A449, A48, M50, A40, M4(J24)
Rail
Chepstow Railway Station
Air
Bristol International Airport
Situation
The property is situated in Monmouth town centre on the eastern side of Monnow Street, the main retailing thoroughfare. The property sits opposite The Oldway Shopping Centre with other nearby occupiers including Marks & Spencer, Boots, W H Smith, Burton, Superdrug and Caffè Nero.
Tenure
Freehold.
Location
Miles
25 miles north of Bristol 32 miles east of Cardiff
Roads
A449, A48, M50, A40, M4(J24)
Rail
Chepstow Railway Station
Air
Bristol International Airport
Situation
The property is situated in Monmouth town centre on the eastern side of Monnow Street, the main retailing thoroughfare. The property sits opposite The Oldway Shopping Centre with other nearby occupiers including Marks & Spencer, Boots, W H Smith, Burton, Superdrug and Caffè Nero.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation and a self contained residential flat on the second floor, accessed from the rear. The property benefits from a small garden area to the rear and staff parking accessed via Howells Lane.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation and a self contained residential flat on the second floor, accessed from the rear. The property benefits from a small garden area to the rear and staff parking accessed via Howells Lane.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Retail Ancillary Residential (2)
150.00 sq m 61.40 sq m Not Measured
(1,616 sq ft) (661 sq ft)
THE EDINBURGH WOOLLEN MILL LIMITED (1)
20 years from 25/07/1997 on a full repairing and insuring lease
£44,000
24/07/2017
Total Commercial Floor Area
211.40 sq m
(2,277 sq ft)
£44,000
(1) For the year ending 2nd March 2013, The Edinburgh Woollen Mill Limited reported a turnover of £169,713,000, pre-tax profits of £23,130,000 and a total net worth of £187,301,000. (Source: www.riskdisk.com 12/11/2014) (2)The residential flat has been sublet.