65 Monnow Street Monmouth Gwent NP25 3EW

  • 65 Monnow Street<br>Monmouth<br>Gwent<br>NP25 3EW

65 Monnow Street
Monmouth
Gwent
NP25 3EW

Freehold Retail and Residential Investment

  • Let to Sportswift Limited (t/a Card Factory) until 2029 (Subject to Option)
  • Comprises a Retail Unit and a Recently Refurbished Separately Accessed 2 Bed Maisonette
  • Central Location in Historic Market Town
  • Neighbouring Occupiers Include Marks and Spencer, Boots, Costa Coffee, Majestic Wine, Greggs, Superdrug, WH Smith and Pizza Express
  • Lot
    35
  • Auction
    9th May 2024
  • Rent
    £39,300 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Freehold Retail and Residential Investment

  • Let to Sportswift Limited (t/a Card Factory) until 2029 (Subject to Option)
  • Comprises a Retail Unit and a Recently Refurbished Separately Accessed 2 Bed Maisonette
  • Central Location in Historic Market Town
  • Neighbouring Occupiers Include Marks and Spencer, Boots, Costa Coffee, Majestic Wine, Greggs, Superdrug, WH Smith and Pizza Express
  • Lot 35
  • Auction 9th May 2024
  • Rent £39,300 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
30miles north of Bristol, 31 miles west of Cheltenham
Roads
A40, A449
Air
Bristol Airport
Situation

Monmouth is a Historic Market Town on the English and Welsh border. The property is located on the north side of High Street with neighbouring occupiers including Marks and Spencer, Boots, Costa Coffee, Majestic Wine, Greggs, Superdrug, WH Smith and Pizza Express.

Tenure

Freehold.

Location
Miles
30miles north of Bristol, 31 miles west of Cheltenham
Roads
A40, A449
Air
Bristol Airport
Situation

Monmouth is a Historic Market Town on the English and Welsh border. The property is located on the north side of High Street with neighbouring occupiers including Marks and Spencer, Boots, Costa Coffee, Majestic Wine, Greggs, Superdrug, WH Smith and Pizza Express.

Tenure

Freehold.

Description

The property is a handsome Grade II Listed building comprising retail accommodation on the ground floor and a recently refurbished self contained 2 bedroom maisonette on the upper floors.

Internal photos of the residential property are available upon request.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property is a handsome Grade II Listed building comprising retail accommodation on the ground floor and a recently refurbished self contained 2 bedroom maisonette on the upper floors.

Internal photos of the residential property are available upon request.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Reversion
Ground Retail
110.03
(1,184)
SPORTSWIFT LIMITED (CRN: 03493972)(t/a Card Factory) (2) 5 years from 14/01/2024 (3)
£30,000
13/01/2029
First
Second
2 Bedroom Maisonette
-
(-)
AN INDIVIDUAL Occupation Contract 6 months from 04/05/2023 (Holding Over)
£9,300 (4)
-
Total Approximate Commercial Floor Area  
110.03
(1,184)
   
£39,300
 

(1) The floor areas stated above are those published by the Valuation Office Agency
(2) For the year ended 31st January 2023, Sportswift Limited reported a turnover of £446,128,000, a pre-tax profit of £62,118,000 and a shareholders funds of £115,863,000 (Source Northrow 28/03/2024)
(3) The lease is subject to a tenant option to determine the lease on 13/01/2027. The lease also provides for a rent free period from 14/01/2027 until 13/04/2027 if the tenants option to determine the lease is not exercised.
(4) As to the Residential Occupational Tenancy the rent stated above has been Annualised.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    17.05.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Adrienne Brigden 01633413500adrienne.brigden@rdplaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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