Summary
| Property Type | Investment |
| Tenure | For Sale |
| Size | 1,048 sq ft |
| Price | Offers in the region of £180,000 |
| Rates Payable | £7,235.50 per annum |
| EPC Rating | This property has been graded as C (55) |
- Retail/residential income producing investment
- Showing a Net Initial Yield of 8.7% (after allowing for normal purchasers costs)
- Offered for sale freehold, subject to the existing occupational tenancies
- Comprises two retail units and six flats
- Flats - All sold on long leasehold basis
- Each flat is liable to pay a ground rent of £75 per annum currently
About
The property comprises of two lock up shop units on the ground floor that are currently arranged as one lock up shop unit with 6 residential flats above that have all been sold off on long leases and a service delivery area. The residential flats are sold off on long leasehold tenures and each flat is liable to pay a ground rent of £75 per annum currently. The property comprises of an opportunity to acquire a commercial retail investment with additional income generated from the ground rents from the flats that are sold off on long leases.
The ground floor lock up shop unit provides two shop units, Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet and Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet .
The shop unit has a glazed return glazed frontage. The property is three storey and of concrete framework with brick infill panels under a flat roof cover.
Location
The property is prominently located fronting onto Whitchurch Road on the edge of the sought after town of Shrewsbury. The property forms part of a neighbourhood shopping parade that is located approximately 1.5 miles north east of Shrewsbury town centre. The property is located within proximity of all local amenities. The surrounding occupiers include Wickes, Carma Salon and Paperwrite. Whitchurch Road serves as the main arterial road into Shrewsbury town centre from the east and the north.
Shrewsbury is the county town of Shropshire with a population of approximately 77,000 at the 2011 Census and is an administrative and tourist centre and located approximately 48 miles west of Birmingham, 42 miles south of Chester and 16 miles west of Telford.
Mainline Stations
-
Shrewsbury34 mins
-
Yorton101 mins
-
Wem164 mins
-
Wellington (Shropshire)175 mins
Underground Station
-
Chesham2208 mins
-
Reading2228 mins
-
Amersham2237 mins
-
Twyford2270 mins
Downloads
Download Marketing Brochure
Further Information
-
Local Authority
Shropshire Council,
Guildhall,
Franakwell Quay,
Shrewsbury,
SY3 8HQ -
Anti-money laundering (AML)
We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
Gallery
