43 Monnow Street, Monmouth, Monmouthshire
Monmouth, NP25 3EF

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Ryan Pratt

The Agent

Ryan Pratt
Associate Director

02920 346306
Brochure

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Specification

  • RETAIL
  • 940 sqft (87 sqm)
  • To let
  • £26,000 per Annum

Description

LOCATION

The premises is situated midway along Monnow Street, the main retailing thoroughfare in Monmouthshire town centre. The premises is situated adjacent to Superdrug and British Heart Foundation, with other nearby occupier including Joules, Café Nero, White Stuff, Pizza Express and Specsavers Opticians.

DESCRIPTION

The premises comprises an open plan ground floor sales area with an option of further ancillary accommodation on the first floor comprising 915 sq ft. The premises is accessed directly from Monnow Street.

TERMS

The premises is available to let via a new sub lease for a term to be agreed on internal repairing and insuring terms.

Quoting rent £26,000 pax

RATEABLE VALUE

The 2017 Rateable Value for the premises is:

Rateable value £21,750
Rates payable £11,441

Interested parties are encouraged to make their own enquiries with the Local Rating Authority.

EPC RATING

TBC

ACCOMMODATION

The premises provides the following approximate areas and
dimensions:

Gross Frontage 4.09 m 13 ft 04 ins
Net Frontage 3.46 m 11 ft 04 ins
Internal Width 3.79 m 12 ft 04 ins
Shop Depth 25.12 m 82 ft 04 ins
Ground Floor Sales 87.33 sq m 940 sq ft

PLANNING

We understand that the premises benefits from A1 use however other uses will be considered subject to the tenant obtaining all necessary planning consents.

LEGAL COSTS

Each Party to bear their own legal costs in dealing with this
transaction.

VAT

The premises is elected for VAT.

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group