65 Monnow Street Monmouth Gwent 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
Auction Venue
Live Streamed Auction

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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

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

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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.