A freehold vacant Grade II Listed property with development potential (STP).
Description
The Property comprises a part two/three storey detached Grade II listed building, originally constructed in the 18th Century. We understand that the Property was altered in the mid-19th Century when two houses were converted into one.
The elevations are of traditional construction and rendered, set beneath a pitched tile-covered roof. At the southwestern end there is a first floor conservatory beneath a pitched tile covered roof.
The property is laid out to offer two bar seating areas at ground floor plus a skittle alley and customer WCs to the rear; there is a small dining area providing 24 covers and a commercial kitchen. There are two garage / store rooms providing direct access onto Whitecross Street and a basement beer cellar. The first floor provides a large snooker room with disused additional storage space and a sun room. The second floor provides manager’s accommodation, with two double-bedrooms, bathroom, lounge, and kitchen, plus a third double bedroom set in the eaves at third floor level. Externally, there is a small beer garden, providing c. 20 covers plus a large hardstanding area with parking for 20 vehicles.
The ground floor of the property has been recently refurbished; we are informed this includes new electrical wiring, fire alarm, a fitted commercial kitchen, and new bar serveries.
An opportunity exists in our opinion to either reposition the leisure offering, convert to an alternative commercial use or redevelop the site to residential housing or flats (STP). The site measures approximately 0.339 acres (0.137 ha).
Tenure
Freehold with vacant possession.
Guide Price
Guide price of £695,000 for the freehold interest.
Planning
The property is Grade II Listed and lies within a conservation area. The Local Authority is Monmouthshire. The property currently has ‘sui generis’
use but offers potential for a variety of alternative uses (STP).
Rating
The property is entered in the 2023 Rating List with a current rateable value of £7,300.
Licensing
We understand the property trades with the benefit of a Club Premises Certificate.
Fixtures and Fittings
No fixtures and fittings will be included in the sale unless agreed. Any third party items, such as gaming machines, dispense equipment, sound systems etc, will also be excluded. Any items left on the day of completion will be included in the sale.
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