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Agent's details

Library Place, Manor Way, Chepstow, Wales, NP16 5HZ

For sale: £895,000.00|7,733 Sq Ft|Shopping Centre Unit, Retail

Property details

FOR SALE£895,000.00
SIZE7,733 Sq Ft
ADDRESSLibrary Place, Manor Way, Chepstow, Wales, NP16 5HZ
TYPEShopping Centre Unit, Retail
TENUREFor Sale Freehold
POSTED ON3rd September 2022

Description

The property comprises a shopping arcade situated either side of a covered, pedestrianised walkway which links Manor Way to Bank Street. It is of masonry construction with a rendered and painted finish situated beneath a part tiled part glazed roof.. On the exterior it includes a cleaner/storage area and pedestrianised paved / landscaped areas.

The accommodation comprises:
Unit 3 - Occupied by First Stop Stationers Limited and arranged over ground floor only. The unit is fitted out for a retail unit consisting an open plan sales area with ancillary accommodation, staff kitchen and WC to the rear.
Unit 3a - Operating as a gym and arranged over first floor with ground floor access off Library Place. The accommodation is fitted-out as an open plan gym with changing facilities and WC.
Unit 4 - Occupied by a Chiropractic and arranged over ground floor only. Comprises partitioned treatment rooms along with staff kitchen and WC.
Unit 4a - Residential flat comprising an open-plan living room, kitchen, one bedroom and shower room.
Unit 5 - Trading as a hair salon over ground and first floor. The ground floor provides an open plan salon area with treatment room to the rear. The first floor is arranged as a staff room with storage and WC.
Unit 6 - Currently vacant, arranged as an open plan retail unit over ground and first floor with WC to the first floor.
Unit 7 - Currently vacant, arranged as an open plan retail unit over ground and first floor with WC to the first floor.


Location Highlights

Located in an established retail location in the centre of Chepstow, next to Chepstow Library and close to the High Street. It has a busy thoroughfare, linking the town's primary car park (Welsh St) with the High Street.

Specification

The accommodation extends to circa 718m (7,733 sq ft)
Town Centre Shopping Arcade
For full specification details, please speak to one of our agents.

Services and Planning

The property is covered by the Monmouthshire County Council Local Development Plan 2011-2021 which was adopted in February 2014. Under this Plan, the property falls within RET2 Central Shopping Area and HE1 Chepstow Conservation Area.

Interested parties are to rely on their own planning investigations.

Viewing

By appointment only with the sole agents Avison Young. Key Features - Prominent town centre shopping arcade comprising five ground floor retail units, a gym and single residential apartment. - Located on the primary thoroughfarebetween the town's principal car park (Welsh Street Car Park) and the High Street. - Nearby occupiers include Lloyds TSB, Coventry Building Society, Wilko, M and S Foodhall and Chepstow Library - Current passing rent £58,490 p.a. with two retail units vacant - Potential to increase rental income to circa £94,400 p.a. through lease regears and letting of vacant units - The accommodation extends to circa 718 m (7,733 sq ft) - Asset management and value-add opportunities ( Agency Pilot Software ref: 112122 )

Location

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Location: Library Place, Manor Way, Chepstow, Wales, NP16 5HZ

Chepstow (0.2 miles)

Caldicot (5.3 miles)

Severn Beach (5.6 miles)

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