Savoy Theatre, Shops And Flats, Church Street, Monmouth

£1,250,000 Offers Over
For Sale

Property Features

  • INVESTMENT:
  • 3 Grade II Listed Shops + 5 Apartments Above + Successful Local Cinema & Music Hall

Property Summary

Set in the heart of this busy and prosperous market town this unique and attractive investment portfolio consists of 3 Grade ll retail shops with 5 apartments above as well as a very sucessful local cinema and music hall. The total commercial net income is approximately £52,000 P.A. and a residential income of approximately £2460 PCM. The properties are set off the busy pedestrianised Church Street within a conservation area, the Theatre is Grade II* listed and reputedly the oldest working theatre site in Wales. All the buildings have recently been up-graded and restored and are well-maintained. Street vehicle access for commercial users only.

Full Details

N.B.
All the properties are owned within a Limited company which can be sold with the portfolio thus attracting a lower stamp duty levy.

The property portfolio consists of the following:

No 18: SHOP 1
Currently et on a 3 year lease with 2 years to run. Used as a barbers with one open space to front with large shop window to street with doors into an “L” shaped prep/kitchen area, a lobby and a cloakroom at the back.

No 20: SHOP 2
Currently let on 2 year lease from April 2018. Used as a gift shop with shop window to street and cloakroom at the back.

No 22: SHOP 3
Currently let on a 5 year lease from April 2018 and used as a ladies clothes shop with shop window to street and doors into further retail area, storage room and cloak room.

THE FLATS:
These are set above the shops on two floors with three one bedroomed, one studio and one three bedroomed all let on 6 month shorthold tenancy agreements.

THE SAVOY THEATRE:
This building carries a Grade II* listing and is brick built under a slate roof. The lease was renewed 2018 for 7 years and is run by a charitable trust. The entrance foyer off Church Street has a reception/ticket office and licenced bar and recently up-graded ladies and gents toilets. The theatre has sloping static seating with a capacity of 360 with an extensive and fully equipped stage with cloak room and dressing rooms and there is a first floor balcony with private boxes set off it. There is also a side access onto an allyway, Bell lane. To the side of the building is an outside communual area used as a bin store and fire escape area.

SERVICES:
Mains elecricity, water, gas and drainage.