FOR SALE BY PUBLIC AUCTION: The auction will take place online on 9th December 2025 at 04:12 PM with registration through our website.
Two bedroom flat occupying the second floor of a mixed-use period building occupying a high street presence in Chepstow producing an attractive approx. 10.3%. gross net yield.
Description
A spacious two-bedroom leasehold flat occupying the second floor of a mixed-use period building in the vibrant town centre of Chepstow. The property forms part of a traditional terraced structure with ground-floor retail premises (currently occupied by Monmouthshire Wool) and another flat below. Access is via an independent doorway off Moor Street, leading to a staircase shared with the neighboring flat. Please note that the marketing photos shown were done prior to the current tenants moving in but we understand present a fair representation of the property and its layout and are provided strictly for guidance purposes only.
Given its central position and appeal to visitors exploring the castle, racecourse, and regional attractions, the property presents strong potential as an Airbnb or to continue with assured shorthold tenancy agreement. We understand that the current rent payments are guaranteed by Monmouthshire Council for up to 2 years. We understand that the current rental income is £875pcm and is set to increase to £927pcm from November 2025 onwards. The lease has approximately 103 years remaining. Ground rent is approximately £75.00 per annum, due annually in March.
Please refer to the legal pack for confirmation on leases and tenures.
Situated on Moor Street in the heart of Chepstow, the location offers immediate access to a range of local amenities, including independent shops, cafes, supermarkets and pubs. Chepstow Castle is within easy walking distance, as is Chepstow Racecourse. The train station provides direct services to Bristol and Cardiff, making it ideal for commuters. The surrounding area includes scenic walks along the Wye Valley and proximity to the M48 motorway for links to the M4.
For any further information or clarification please refer to the legal pack once available.
Accommodation
GF - Communal entrance
FF - entrance hallway, a generous open-plan kitchen/living/dining room, two bedrooms and a bathroom.
Informed Leasehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co
Viewing
Viewing by appointment with Seel and Co