House · NP25 3DD
Opportunity summary
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About
A prime opportunity to purchase a unique, Grade II Listed commercial property situated at the heart of the popular town of Monmouth.
The property provides commercial accommodation having been in educational use for many years with potential for alternative uses and additional development subject to planning (STP).
Grade II Listed commercial property Potential for alternative uses STP Town centre location Excellent transport links DESCRIPTION Dating back to the 19th century, 37 – 39 St Marys Street provides a unique opportunity to purchase a substantial period property with potential for a variety of uses.
The properties form a symmetrical and characterful period frontage arranged over three storeys, constructed of painted brick elevations beneath a pitched tiled roof.
The property retains a number of original architectural features including traditional sash windows, pedimented doorcases and stone dressings.
Internally, the accommodation is arranged to provide a range of office and ancillary spaces across 3 floors, offering flexible use options or redevelopment (STP).
The properties benefit from separate entrances, together with a central arched passageway providing access to the rear.
The properties also feature Basement storage beneath 37 St Mary Street, walled garden to the rear and former changing room block with potential for office / workshop use (STP) SITUATION The property is situated on St Mary’s Street within the historic market town of Monmouth, just a short walk from the town centre and the principal retail thoroughfare of Monnow Street.
Monmouth benefits from excellent transport connections, with convenient access to the A40 and A449, providing links to the Midlands, South Wales and the West Country.
The town offers a strong mix of independent and national retailers, together with a wide range of cafés, restaurants and public houses, supporting a vibrant and well-established trading environment.
Monmouth is also renowned for its highly regarded schooling, including the Haberdashers’ Monmouth Schools and Monmouth Comprehensive School, all located within close proximity of the property.
SERVICES The properties benefit from mains water, electric and drainage. Mains gas is connected however purchasers will be required to arrange meter installation to the new supply.
AGENTS NOTE We are advised the neighbouring properties benefit from pedestrian rights of way via central arched passageway and garden. Further information available from the agents.
ACCOMMODATION Approximately 2700ft2 Gross Internal Area (GIA) Ground floor office space is self contained and benefits from access points to the front of the property.
Extending to approximately 2362 ft2. First floor space accessed by two separate staircases, providing 5 rooms and connecting the properties over the central Carriage Arch.
The second-floor accesses via two staircases provides 4 principal rooms including a kitchen. TENURE Freehold with vacant possession on completion. No.
39 is subject to a flying freehold over the basement of Tudor house.
OUTSIDE The property benefits from access off St Marys Street through the central Carriage Arch, leading to the rear garden area which is bound by a mix of stone and brick walls.
RIGHTS OF WAY & EASEMENTS The property is sold with any rights, easements or incidents of tenure which affect it.
PLANNING Interested parties are advised to make their own investigations with the local authority.
Pre-application advice has been sought from Monmouthshire County Council in relation to proposed change of use from Education Use (D1) to Residential Use (C3 & C4) and alternatively to Tourism or Business Uses (B1, C1, D2 and Sui Generis) the principles of which are deemed acceptable subject to detailed considerations.
Any change of use or re-development of the property will be subject to full planning and listed building consent. Further information on responses to the Pre-application is available from the agents.
LOCAL AUTHORITY Monmouthshire County Council – VIEWING Strictly by appointment with the Agents: David James – Tel VAT We are advised that VAT is not applicable on the sale
Value & comps
No previous sales on record.
Returns
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About St. Mary Street, Monmouth, Monmouthshire, NP25
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