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16, Agincourt Square, Monmouth, NP25 3DY

Grade II Listed Freehold Property – Vacant Planning to Convert Upper Floors to Residential Ground Floor Retail – No Empty Business...
Location: 16 Agincourt Square, NP25 3DY
Property type: Offices, General Retail, Mixed Use, Residential, Retail, Other Property Types & Opportunities
Tenure type: For Sale Freehold
Tenancy type: Vacant

Arranged over four floors
Former building society at ground floor
First and second floor offices
Potential net initial yield of 10.75%
Nearby occupiers: Barclays, Joules & HSBC
Planning permission submitted to convert upper floors into residential
Planning reference application: DM/2018/00386
Freehold with vacant possession

This property is located on Agincourt Square, within the heart of Monmouth, Gwent. The property is situated close by to a range of both national and international retailers including; Barclays Bank, Joules and HSBC.

Monmouth is situated approximately 40 miles northeast of Cardiff and 90 miles southwest of Coventry. There is good road access via A449, M4 and M5.

Gwent is a county borough in Wales, bordering the areas of Monmouthshire and Torfaen to the east, Caerphilly to the west and Powys to the north.

• For Sale By Online Auction - TBC
Guide Price: £365,000+
• Vacant freehold Investment Property
• Ground floor retail – no empty business rates payable
• Planning to convert upper floors to residential – planning reference DM/2018/00387
• Potential income of £40,800 pa – 10.75% based on guide price

A terraced property arranged over four floors. The property is entered at ground floor and was previously used as a Building Society. The Building Society includes hardwood counters and is fully alarmed. There is a court yard to the rear, a kitchen and additional storage rooms.

The first and second floors are accessed via the ground floor, by way of separate entrance. The first and second floors are currently set out as offices, however, the vendor has applied for planning permission to convert the upper floors to a three bedroom duplex apartment.

Externally, the property is rendered with wooden sash windows, under a pitched and tiled roof.

We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.


Investment Analysis
This property is offered with vacant possession to all four floors. We consider the ground floor retail unit, once let, will achieve a rental income in the region of £2,000 pcm. Assuming the upper floors were to remain as offices, we consider the achievable rental income to be in the region of £1,400 pcm (£40,800 per annum), reflecting a net initial yield in the region of 10.75% based on the guide price.

However, planning permission has been granted to convert the upper floors in to a large three bedroom flat, which we envisage could sell for around £250,000, if renovated to a good standard.

Guide Price

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