80/82 Monnow Street Monmouth Monmouthshire NP25 3EQ

80/82 Monnow Street
Monmouth
Monmouthshire
NP25 3EQ

Freehold Retail and Residential Investment

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
£44,000 per Annum Exclusive
Status
Sold
Price
£576,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behald of Receivers

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Freehold Retail and Residential Investment

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 £44,000 per Annum Exclusive
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

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

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.