Retail premises to let in St. Mary Street, Chepstow, Monmouthshire NP16

A ground floor retail unit with ancillary basement
accommodation providing in excess of 740 ft2 of highquality retail space benefiting from a prime position on the attractive St. Mary Street within the popular town of Chepstow.

Description

Ground floor retail space available within a prominent, mid terrace Grade II Listed property well situated within the popular town of Chepstow. 5A St Mary Street offers high quality accommodation in a convenient location adjacent to St Marys Arcade and
with public parking close by.
The accommodation provides in excess of 740 ft2 of A1 retail space with large window frontage onto the popular St Mary Street. The accommodation provides primary retail space with WC to the rear, and basement accommodation providing kitchen/storage and separate access to St Marys arcade at the rear.

Ground floor: 400 ft2
Basement: 340 ft2

Location

The property is well positioned on the popular, pedestrianised St Mary Street and is surrounded by a range of retail units, cafes and a pub and is just a few metres from the High Street of Chepstow town.
Chepstow itself is an old market town at the approach to south-east Wales from the original Severn Bridge. There is excellent access to the Severn Bridge, roviding access eastbound to Bristol city centre, Bristol Parkway railway station, the M5 interchange and London, and westbound to Newport, Cardiff and South Wales. Gloucester and the Forest of Dean are accessible via the A48. Chepstow railway station provides regular
rail links, whilst the bus station provides local services and links to Cardiff, Swansea and London Victoria.
The town provides a range of national and local etailers and services providers.

Services

Mains water, drainage and electric are understood to be connected

Terms Of Tenancy

The tenancy will be written under the statute of the Landlord and Tenant Act 1954 excluding the renewal provisions contained within s24 to s28 of the same.
Ideally the Tenancy term will be for at least 3 years with the opportunity of a Break Clause, if desired with the Tenant occupying on Full Repairing terms with the Landlord responsible for structural insurance of which the premium will be recoverable from the Tenant. Tenant responsible for all outgoings including rates and services.

Deposit

A deposit of 2 months’ rent will be requested from the Tenant. This will be returned minus any appropriate deductions at the cessation of the Tenancy.

Business Rates

Rateable Value from April 2023 – £6,768

Setup Fee

The tenant will contribute £350 (plus VAT) toward the preparation of each Tenancy Agreement.

Planning

A1 Retail use – interested parties are advised to make their own investigations with the relevant parties

Local Authority

Monmouthshire County Council –