120-122 Monnow Road, Monmouth NP25 3EQ

The historic market town of Monmouth supports a town population of 10,500 and sits at the confluence of the Rivers Wye and Monnow. The town benefits from good regional road communications via the A40 dual carriageway, which links to the M50 at Ross-on-Wye and, in turn, the M5 and M4 motorway network. In addition, the A449 dual carriageway provides a fast southbound link to the M4 (Junction 24) at Newport. The property is situated in a prominent position on Monnow Street, the principal retailing thoroughfare of Monmouth town centre, which comprises a strong mix of independent retailers, cafes, restaurants and pubs, whilst benefitting from consistently high footfall. Neighbouring occupiers include a public house ‘The Robin Hood’, as well as Waitrose, Ladbrokes and a Loungers Café bar.

• 120 122 Monnow Street pdf, 0.90 Mb

The Rateable Value appearing on the Valuation Office Agency website from April 2026 is £19,750. Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.

Approximate net internal area

Fabrics and furnishing shop which falls under Class E of the Use Classes Order 1987.

Terms

The property is offered freehold subject to the occupational tenancy of the ground, first and basement areas to Monmouth Fabrics and Soft Furnishings Ltd; the passing rent is £25,000 per annum and the lease expires on 31.03.2028. The second floor is let on a 999-year lease at a ground rent of £250 per annum. Further information is available upon request.

VAT

The property is not elected for VAT.

Legal Costs

Each party is to bear their own legal costs incurred in the transaction.

ASH Chartered Surveyors for themselves and for the vendors or lessors of this property for whom they act, give notice that:

1. these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract;
2. ASH Chartered Surveyors cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy;
3. no employee of ASH Chartered Surveyors has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property;
4. rents quoted in these particulars may be subject to VAT in addition; (v) ASH Chartered Surveyors will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars; and
5. the reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/tenants should satisfy themselves as to the fitness of such items for their requirements.

Code of Practice for Commercial Leases in England and Wales

You should be aware that the Code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licenced conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations.

Money Laundering Regulations

As part of our obligations under the UK Money Laundering Regulations 2017, ASH will require any tenant/purchaser to provide proof of identity along with any other required documentation to satisfy anti-money laundering regulations.