Partics Teal
For Sale Former Banking Hall 57 Bridge Street, Usk, Monmouthshire, NP15 1ZY
June 2016 • Former banking hall with first floor ancillary accommodation • Unique opportunity to acquire a freehold in Usk town centre on main road position • Suitable for various alternative uses subject to obtaining planning consent • Benefit of rear car parking area • For sale with benefit from an income stream to upper floor parts
gva.co.uk
Location Usk is a small affluent town located in Monmouthshire approximately 8 miles north of Newport. The town adjacent to the A449 Newport Monmouth dual carriageway and has a population of approximately 2,834 people. The surrounding area comprises of a mix of national and regional occupiers including HSBC and Spar.
Description The subject property is a Grade II listed two storey end of terrace property. The branch occupied the ground floor with the remainder of the property having been let on an occupational lease for a period of 10 years paying an annual rent of £10,175. The lease expires March 2017. The property benefits from several car parking spaces to the rear in a large open courtyard area with access to this shared with the neighbouring property.
Accommodation The property has been measured on a NIA basis: Floor
Sq M
Sq Ft
Ground
146.9
1,581
First
Let – 111.82
Let – 1,203
Non – Domestic Rates
Total
146.9
1,581
The property is listed as ‘Bank & Premises’ and under the 2010 rating list has a rateable value of £10,500.
Car Parking Spaces
Energy Performance Certificate Approximately 10 spaces
A copy of the full energy performance certificate is available upon request.
Planning
Price
The property has a historic use as a Bank & Premises.
On application to agent.
Alternative Use & Redevelopment
VAT
The property offers potential for a variety of alternative uses or redevelopment, subject to planning. Potential uses include A1, A3, residential etc.
All figures exclude VAT where applicable.
Tenure We are advised that the property is held freehold and will be sold on a freehold basis, subject to the occupational lease noted above.
For further information or an appointment to view please contact: Daniel Davies T: 02920 248923 E: [email protected]
Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
June 2016 • Former banking hall with first floor ancillary accommodation • Unique opportunity to acquire a freehold in Usk town centre on main road position • Suitable for various alternative uses subject to obtaining planning consent • Benefit of rear car parking area • For sale with benefit from an income stream to upper floor parts
gva.co.uk
Location Usk is a small affluent town located in Monmouthshire approximately 8 miles north of Newport. The town adjacent to the A449 Newport Monmouth dual carriageway and has a population of approximately 2,834 people. The surrounding area comprises of a mix of national and regional occupiers including HSBC and Spar.
Description The subject property is a Grade II listed two storey end of terrace property. The branch occupied the ground floor with the remainder of the property having been let on an occupational lease for a period of 10 years paying an annual rent of £10,175. The lease expires March 2017. The property benefits from several car parking spaces to the rear in a large open courtyard area with access to this shared with the neighbouring property.
Accommodation The property has been measured on a NIA basis: Floor
Sq M
Sq Ft
Ground
146.9
1,581
First
Let – 111.82
Let – 1,203
Non – Domestic Rates
Total
146.9
1,581
The property is listed as ‘Bank & Premises’ and under the 2010 rating list has a rateable value of £10,500.
Car Parking Spaces
Energy Performance Certificate Approximately 10 spaces
A copy of the full energy performance certificate is available upon request.
Planning
Price
The property has a historic use as a Bank & Premises.
On application to agent.
Alternative Use & Redevelopment
VAT
The property offers potential for a variety of alternative uses or redevelopment, subject to planning. Potential uses include A1, A3, residential etc.
All figures exclude VAT where applicable.
Tenure We are advised that the property is held freehold and will be sold on a freehold basis, subject to the occupational lease noted above.
For further information or an appointment to view please contact: Daniel Davies T: 02920 248923 E: [email protected]
Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
