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Residential properties for auction in Lower Maescoed, Herefordshire

Create Alert 2 results Sorry, we currently do not have any listings in 0 miles of Lower Maescoed, Herefordshire - Please find below the nearest listings available.

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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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...
Type: Offices, General Retail, Mixed Use, Residential, Retail, Other Property Types & Opportunities
Location: 16 Agincourt Square, NP25 3DY
Images: 7
Brochures: 1
View Property
Residential Development Opportunity

A residential conversion and development opportunity of existing buildings to provide a five bed home, a three bedroom townhouse and planning to construct a 2 bed flat over garages in the heart of Abergavenny.

The properties are located on the edge of Abergavenny town centre and is bounded by Park Crescent, Pen-Y-Pound and Old Hereford Road.

The site lies closely to the A40 which is the main route into Cardiff, Bristol and London. Additionally, the properties are a ten minute drive from Abergavenny Train Station, which provides a regular service to Hereford and Newport which are on the Inter-city rail network.


See Legal Pack


The main property constructed in the late 18th Century is arranged over lower ground, ground, first and second floor levels. The property is Grade II listed and is a mid-terrace and end of terrace which is a former chapel.

The main house has private parking at the rear of the property accessed off Park Crescent and has a private rear garden, and a stunning entrance with gates over the brook to the front.

The end of terrace chapel currently has a garage fronting Pen-y-Pound which has planning to convert to a car port. There is a private courtyard area to the front of the property and rear lawned garden.


Main House

Lower Ground Floor

Family room, study, laundry room and kitchen/dining room.

Ground Floor

Living room, stunning large entrance hall, wc, office and dining room.

First Floor

Three double bedrooms, one with en-suite and family bathroom.

Second Floor

Two double bedrooms, one with a dressing room and a family bathroom.

The Chapel

Lower Ground Floor

Kitchen, utility room, wc and boot room.

Ground Floor

In the former chapel area; living room and dining room. Wc and a study to the remainder.

First Floor

Three double bedrooms, en-suite and a family bathroom.

Development Potential
There is planning in place to construct a two bedroom flat over garages and a garage and store.

Approval of Planning Permission was granted on the 19th March 2017, reference, DC/2014/01015, details of which are within the legal pack and available online at www.monmouthshire.gov.uk/planning

Viewing Schedule
Viewing by appointment.

Local Authority
Monmouthshire County Council

Harding Evans, Queens Chambers, 2 North Street, Newport, South Wales, NP20 1TE, Tel: 01633 244233

Additional Fees
Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Viewing Times
Please call Auction House South Wales on 02920 475 184 to arrange a viewing
Main House & Chapel, Mulberry House, Pen Y Pound, Abergavenny, NP7 5UD
Residential Development Opportunity
Type: House, Residential
Location: Main House & Chapel, Mulberry House Pen Y Pound, Abergavenny, NP7 5UD
Images: 18
Brochures: 1
View Property
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