Freehold Investment comprising three retail units in Abergavenny town centre. Rental income totalling £24,000pa, representing an Initial Gross Yield of 13.7%.
The building is a former chapel which has been converted and comprises two ground floor units of similar size and an imposing first floor studio and flower workshop with access at the upper level off Radstock Court/Regent Street. The Net Internal Area (NIA), extends to approximately 4287sqft (398sqm) based on rating information.
We have been informed the occupation schedule briefly comprises as below but please consult the legal pack when available for confirmation of all tenancies and rental information;
36a Frogmore Street (1104sqft approx.) - A mini-market/vape shop, trading as Lambo, let for Five years from 20/11/24 at rental of £8500 pa exc. with an upward only rent review at end of year two.
36b Frogmore Street (1202sqft approx.) - Let to an individual T/A Mayzmusik Performing Arts Academy, lease renewed for a term of three years from 1/7/25 at a rental of £8500 pa exc.
36c Frogmore Street: (1981sqft approx.) - Let to an individual T/A Love Lily, Florist and Flower School, let for Five years from 1/9/25 at a rental of £7000 pa exc, subject to a capped rent review in 9/27 and tenant only break at the end of the third year.
36 Frogmore street is located on the A40 passing through the town centre of Abergavenny and in easy reach of the prime retail area with its mix of established traders and national brands.
Please note that further pictures will be added in the coming days.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.20% with a minimum of £1,200 (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.
Auctioneers Office, Seel and Co (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 28 October 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 27 October and conclude in order from Lot 1 at 4:00 pm on Tuesday, 28 October 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
