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Portwall House 5 Bank St 1,519 sq ft 100% Let Office Property Chepstow NP16 5EL £325,000 (£213.96/sq ft) 7.38% Net Initial Yield
Investment Highlights
- Freehold investment
- Three-storey commercial property
- Retail and office accommodation
Executive Summary
Freehold commercial investment occupying a prominent corner position at the head of Bank Street in Chepstow town centre. The Grade II Listed property extends to approximately 1,520 sq ft over ground, first and second floors and is sold subject to an existing lease producing a current passing rent of £24,000 per annum exclusive, increasing to £25,000 per annum exclusive. The accommodation comprises ground-floor retail space with first and second-floor office and ancillary accommodation. The property benefits from prominent display frontage, rear access and nearby public parking.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
1,519 sq ft
Costar Property Class
B
Year Built
1990
Price
£325,000
Price per sq ft
£213.96
Yield
7.38%
NOI
£23,985
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
506 sq ft
Plot ratio
1.74
Total Plot Size
0.02 ac
Amenities
- Security System
- Storage Space
- Smoke Detector
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Portwall House | 5 Bank St
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