Savoy Theatre, Shops And Flats, Church Street, Monmouth
- 3 Grade II Listed Shops + 5 Apartments Above + Successful Local Cinema & Music Hall
Property SummarySet 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.
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.
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.
Mains elecricity, water, gas and drainage.