Two storey mixed use Investment property comprising ground floor hot food takeaway and self-contained 2-bedroom residential flat.
Summary
- Two storey mixed use Investment property.
- Occupying a prominent location on Whitchurch Road.
- Long established and popular residential and commercial area.
- Currently fully let.
- Producing a total rental income of £22,800 per annum.
Accommodation
The accommodation comprises the following areas:
| Description | sq ft | sq m |
| Front Servery Area | 523 | 48.59 |
| Rear Preparation Area | 107 | 9.94 |
| Utility Room | 63 | 5.85 |
| Rear Store | 200 | 18.58 |
| Total | 893 | 82.96 |
Location
The property occupies a prominent position fronting Whitchurch Road in a well populated and established residential area of Shrewsbury approx. 2 miles North of the Town Centre. There is a variety of occupiers in the near vicinity including Wickes, Tesco Express and the new Sentinel Trade Park together with Morrisons and B & Q Superstores a short distance away.
Shrewsbury is the County Town and Administrative Centre of Shropshire, strategically located at the intersection of the main A49 and A5 trunk roads, approximately 47 miles north west of Birmingham, 15 miles west of Telford and 40 miles south of Chester.
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Mainline Stations
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Shrewsbury29 mins
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Yorton104 mins
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Wem168 mins
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Wellington (Shropshire)178 mins
Underground Station
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Chesham2208 mins
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Reading2227 mins
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Amersham2238 mins
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Twyford2269 mins
Further Information
Price Offers in the region of £310,000
Rates Payable £4.97 per sq ft
Service Charge n/a
Estate Charge n/a
EPC Rating This property has been graded as D (98)
Description
The property comprises a well-appointed 2 storey mixed-use end of terrace property forming part of a popular suburban shopping parade.
The ground floor comprises a well-presented self-contained hot food takeaway extending to approx. 895 sqft (82.95 sqm) providing versatile accommodation having large glazed display frontage with modern sales/servery area and rear preparation/store rooms.
The property also includes a self-contained residential apartment providing modern accommodation with fitted kitchen, living room, 2 bedrooms and bathroom having gas fired radiator central heating and fitted carpeting throughout.
Terms
The property currently trades as a fish bar and takeaway, having been operated by the current occupier for a number of years, and is held on a lease for a term of 10 years from 22nd November 2023 on a Tenant’s full repairing and insuring basis. The current passing rent is £15,600 per annum, payable monthly in advance. The lease is subject to 5 yearly rent reviews with no tenant break options.
The residential apartment was let on a 12 month Assured Shorthold Tenancy (AST) from 8th December 2023 at a rent of £600 per calendar month. The tenant is currently holding over.
Further details of the tenancies are available from the Selling Agents on request.
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