Summary - MILES MORGAN TRAVEL, 39, MONNOW STREET NP25 3EF
1 bed 1 bath Retail Property (high street)
Compact town-centre freehold with immediate income and short lease term.
Large three-storey Georgian high-street building with traditional façade
Prominent Monnow Street retail frontage with pedestrian footfall
Total internal area c.1,080 sq ft across three floors
Produces £14,450 per annum; income-producing freehold investment
Lease to Miles Away Ltd runs until 2030 — only five years remaining
Short lease term may prevent standard mortgage lending; cash or specialist finance likely
No external space or off-street parking; town-centre location
Local indicators: high crime and very deprived area — consider risk
A compact three-storey Georgian high-street property occupying a prominent position on Monnow Street, Monmouth’s primary retail thoroughfare. The building offers ground-floor retail with two upper floors of ancillary/residential space, a traditional brick/painted façade with sash windows and a narrow pavement-fronting shopfront. The property is currently producing £14,450 per annum and is offered freehold subject to the existing occupational lease (expires 2030).
This is an income-producing opportunity for an investor seeking a town-centre holding with steady footfall from nearby national and local retailers, cafés and services. The small total internal area (c.1,080 sq ft) suits continued retail use at ground floor with potential for short-term reconfiguration of the upper floors, subject to consents. Connectivity is strong for a town centre location (excellent mobile signal, multiple bus routes and A40 links), although broadband speeds are only average.
Important considerations: the occupational lease has only five years remaining, which many mortgage lenders regard as insufficient — purchasers should expect limited mortgage availability and may need to fund the purchase from cash or specialist lending. The property sits in an area with relatively high crime and very deprived local indicators, and there is no external space or off-street parking. Internal condition has not been confirmed; viewing and survey recommended to establish maintenance or refurbishment needs.
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