This prime located retail and residential investment is prominently situated at the corner of Monnow Street and St Johns Street – immediately opposite Millets.  Monnow Street being Monmouth’s prime retail thoroughfare.  Other occupiers in the immediate vicinity include Caffe Nero, Pizza Express, Mountain Warehouse, Cook,  Lloyds Bank as well as a vibrant mix of independent retail and food outlets.

The property comprises a prominent and attractive end of terrace double fronted period building – with a retail unit at ground and two duplex apartments above – laid out over three storeys.  Each duplex apartment comprises of three double bedrooms, a kitchen and a bathroom.

The property benefits from a central courtyard providing excellent natural light to the residential element and there is potential to convert the rear of the retail unit to another apartment if the commercial unit ever fell vacant (subject to planning).

The ground floor is let to Timpsons Retail Limited on a 10 year lease expiring 23 July 2028 and the duplex apartments are let on ASTs.  The total rental income for the property is £38,592 pa.

The property is freehold and we have been instructed to seek Offers in the Region of £350,000 (Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 10.72%. based on purchaser’s costs of 3.51% – the price equating to £99.18 psf overall.