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2 bed property, in St Mary's Street, £365,000
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2 bed flat

St Mary's Street, Chepstow NP16
Planning
£365,000

Our Summary

  • PLANNING Retail unit has A1 (retail) planning permission but there is potential for A2 (financial/professional services) ACCOMMODATION Commercial Unit Front retail23’09” x 12’04” (rear door to amenities, stairs leading to basement) Basement (Rear)12’09” x 8’08” (wooden double doors division) Basement (Front)12’09” x 8’07” Kitchenette6’10” x 3’09” (rear access to courtyard) W/C 3’08” x 3’00” Maisonette is accessed via an off-street doorway on St Mary St leading into a courtyard area with and metal steps leading to decked area: Maisonette Kitchen with diner13’00” x 10’00” (fully fitted kitchen with storage cupboard) Lounge14’09” x 14’02” (staircase to upper level) Bedroom 1 (Front)13’11” x 11’07” Bedroom 2 (Rear)8’07” x 8’03” (built in cupboard) Bathroom5’09” x 5’09” (3 piece white suite with Triton TX7000 electric shower) HeatingElectric storage heaters Currently tenanted achieving income of £11,100pa TENURE Freehold BUSINESS RATES Valuation Office Agency states Rateable Value as £7,600pa

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Description

This unique property is a four-storey commercial investment opportunity located in the heart of Chepstow's historic town center. The ground floor features a retail unit with a glass frontage onto St Mary Street, while the basement offers additional retail space. Above, a 2-storey maisonette is accessed via a separate courtyard entrance, comprising a newly fitted kitchen, dining area, lounge, two bedrooms, and a modern bathroom with electric shower.

The property benefits from electric heating, double glazing, and a freehold tenure. The retail unit is currently tenanted, achieving an annual income of £11,100. With potential for A1 (retail) or A2 (financial/professional services) planning permission, this property offers a range of uses and is conveniently located near the M48 and M4 motorway network, as well as Chepstow Castle, the riverside area, and local amenities.