13-14 St Mary Street, Chepstow, NP165EW

A freehold investment property located in the centre of Chepstow, generating an income of £102,850 per annum, representing a Gross Initial Yield of nearly 16%. The property occupies a prominent corner position facing St Mary, Upper Church, and Nelson streets. It comprises five commercial units, including a hairdressing salon, a small printing business, and modern offices occupied by an accountancy firm. Additionally, there are three hospitality businesses on the first floor, including a French restaurant and wine bar, an Italian restaurant, and an Indian restaurant, all accessed via Nelson Street and conveniently located near a main car park. The total informed rental income is broken down as follows: £16,000 per annum for the hair studio, £12,000 per annum for the printing business, £19,000 per annum for the office space, £20,000 per annum for the Italian restaurant, and £20,000 per annum for the Indian restaurant, with potential increases for the latter. The tenure is informed freehold, and further details can be found in the legal pack.