Summary - Flat, 11, Beaufort Square, CHEPSTOW NP16 5EP
1 bed 1 bath Retail Property (high street)
Prominent period unit with conversion potential for investor developers.
Grade II listed prominent retail unit on Chepstow's main shopping square
Total gross internal area approximately 1,545 sq ft across three storeys
Upper floors suitable for conversion to two flats, planning consent required
Two private off-street parking spaces via Welsh Street car park
Freehold sale at asking price £295,000; VAT likely chargeable
Rateable value currently £8,200; confirm business rates with council
Located in a very deprived area with very high local crime rate
Listed status may restrict alterations and increase refurbishment costs
A prominent Grade II listed retail unit in Beaufort Square, Chepstow, offered freehold at £295,000. The property occupies a key position on the town’s main retail pitch, with large display windows, a respectable period façade and two private parking spaces accessed via Welsh Street car park. The ground floor provides a principal sales area with ancillary rear rooms and a basement, while the upper floors contain office and residential-style rooms.
The upper floors present a clear value opportunity: they are considered suitable for conversion into two self-contained flats, subject to obtaining necessary planning permission and listed-building consents. This creates potential for mixed-use income or capital uplift after refurbishment. The site is measured at approximately 1,545 sq ft gross internal area and currently assumed to have A1/A2 use; interested parties should confirm planning and permitted uses with Monmouthshire County Council.
Buyers must factor in the constraints of listed status and the planning process — statutory consents will influence scope, cost and timing of any conversion or refurbishment. The property sits within a very deprived area and a very high local crime rate, factors that may affect tenant demand, rental values and insurance costs. VAT is believed to be chargeable on the sale price; confirm with advisers.
Practical details: the property is sold freehold, the current rateable value is £8,200, an EPC has been commissioned, mobile signal is excellent and broadband speeds are average. This is a clear opportunity for an investor or developer comfortable navigating listed-building requirements and local planning to unlock residential or continued retail value.
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