Lot 16 - 1 St. Mary Street, Monmouth, NP25 3DB

  • Unconditional Online Auction Sale
  • Guide Price* : £375,000+

Development Opportunity

Description

ONLINE AUCTION from 8th SEPTEMBER

An opportunity to acquire a development of two exceptionally spacious flats and a town house situated in the sought after historic market town of Monmouth. The building has already had a significant amount of work and is now at first fix stage. This former coach house Inn overlooks St Mary Street to the front and has a rear communal courtyard to the rear with access from the local car park. The main building containing the flats is grade 2 listed but all the listed building consents are in place. The courtyard and stairwells plus the entrance from the rear leading to the car park are all common ground.

This excellent development would be ideal for a property developer or builder and has scope for completion of the units for re sale or to be retained as a buy to let investment or serviced accommodation.

The town of Monmouth has a wealth of amenities and shopping facilities and is ideally situated for access to the M50 to the Midlands and the A49 to the M4, Newport and Cardiff.

VIRTUAL TOUR

Accommodation

First Floor (White Cross): Accessed from St Mary Street with stairs to landing, entrance door, central hallway, spacious living room/kitchen area, master bedroom with space for en suite area, bedroom 2, bathroom
Second Floor (Church view): Accessed from St Mary Street with stairs to landing, entrance door, hallway, spacious lounge/kitchen area, roof terrace, master bedroom with en suite area, bedroom 2, bathroom and mezzanine with scope for study or third bedroom
Town House (The Glen Dower): (Accessed from the courtyard)
Ground Floor: Entrance door, 2 bedrooms, master en suite, bathroom area with adjacent study area with access to private courtyard
First Floor: Central gallery with L shaped accommodation, balcony, kitchen, open plan area and dining room area
Outside: Private car park area within the local car park

Tenancies

To be sold with vacant possession

Potential Rental Income: £2850 pcm
For further details, please email Adrian at adrian@paulfoshlettings.com

Tenure

The Townhouse is Advised Freehold - to be verified by a solicitor
Flats are Leasehold - on 999 year lease

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £750) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty. Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Sold for £394,000

This auction is now closed.

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Office Contact

Sean Roper - sean@paulfoshauctions.com

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Paul Fosh Auctions, 01633 254 044
01633 254044

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