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9-13 St Thomas's Square, Monmouth, NP25 5ES
£220,000
9-13 St Thomas's Square, Monmouth, NP25 5ES
£220,000
Our Summary
- FOR SALE BY AUCTION - -Lot 48 - Mixed Use PropertyONLINE AUCTION from 24th JUNE-26th JUNEA double fronted mixed use residential/commercial building situated on the corner of St Thomas Square, a perfect turn key investment
- The uppers benefit from 2 x 1 bed apartments refurbished to a high standard, to include entrance hallway, living room, kitchen, bathroom and bedroom
- The flats are accessed via their own entrance to the side of the commercial unit and into an enclosed rear garden, that could be, subject to planning permission be further developed
Description
This mixed-use property is a rare opportunity for a turn-key investment in the heart of Monmouth. The double-fronted building is situated on the corner of St Thomas Square and features a large commercial unit on the ground floor, currently let for £750 pcm on a 5-year lease. The unit has the potential to increase to £950 pcm on renewal of a new lease. The upper floors consist of two one-bedroom apartments, recently refurbished to a high standard, with their own entrance and enclosed rear garden. The flats are currently vacant but are expected to generate a monthly rent of £650 PCM. The property offers a total anticipated monthly income of £2,020 PCM, making it an attractive investment opportunity. The location is ideal, with a range of amenities, including shops, restaurants, and schools, and excellent links to major road networks.