Beatrice Street, Oswestry
- PROPERTY TYPE
Retail Property (high street)
- BEDROOMS
4
- BATHROOMS
2
- SIZE
Ask agent
Key features
- Mixed use investment property in Oswestry.
- Total current rental income is £34,500 per annum.
- Ground floor commercial & first floor residential lettings.
- Four separately let bedrooms with shared Kitchen & Bathrooms.
- Central location within the town.
- EPC Ratings - Band 'D' (59) for Residential element & Band 'B' (32) for commercial element.
Description
Commercial Sales Space
The ground floor commercial premises is currently let to Under One Roof Oswestry and includes a generously sized sales area which extends to circa 32.76 sq m (353 sq ft), alongside a rear meeting room and facilities which extends to 21.5 sq m (231 sq ft). As previously mentioned, a full refurbishment of the building was completed in August 2022 and this included roof repairs, checking of pointing/chimney stacks, full rewire and improved insulation. The workshop area at back also received new flooring, built in storage cupboards, WC with sink and a kitchenette. The glazing improvements included new sash double glazing on the side of the property and refurbished original glazing with secondary glazing on the front to conform with the conservation area.
First & Second Floor Residential Letting Space
The upper floors extend to circa 112.52 sq m (1,211 sq ft) and incudes 4 bedrooms which are separately let on assured shorthold tenancies, sharing Kitchen facilities, Bathrooms and Living Space. The kitchen includes integrated washing machine, dishwasher, fridge freezer, oven and hob with extractor fan and a flat screen TV on wall. The living space is also well appointed while the Bedrooms were supplied with new bed frames, new mattresses and furniture in August 2022. The property also benefits from a locked and secure bin store/bike storage on ground floor. Details of the current rents paid are included later in the brochure.
Location
The property is situated close to the centre of the busy market town of Oswestry with excellent foot fall passing the front elevation. The town itself has an excellent range of shops, schools and other amenities and is surrounded by picturesque countryside. Easy access on to the A5/A483 provides direct routes to the towns of Shrewsbury, Wrexham and the City of Chester. The nearby train station at Gobowen provides direct links to Manchester and Birmingham.
Commercial Lease & Rent Information
The ground floor commercial premises is currently let to Under One Roof Oswestry at £650 per calendar month. The lease had an agreed 3 year term starting 1st January 2023 with an 18 month break clause. The tenant covers all bills.
Residential Tenancy Information
All four bedrooms are currently let on assured shorthold tenancies and the details are as follows: Bedroom 1: £525.00 per calendar month. Bedroom 2: £600.00 per calendar month. Bedroom 3: £550.00 per calendar month. Bedroom 4: £550.00 per calendar month. As part of the tenancy agreements, the landlords cover the electric, water, internet and council tax bills. For further detail on this, please contact the selling agent.
Rateable Value/Council Tax
Based on enquiries made with the Local Authority, the current Business Rates are as follows: Rateable Value (2023/24) £10,500. Rates Payable (2023/24) £5,240. The residential part of the building has been designated as a Council Tax Band A. Interested parties should make their own enquiries of the local authority.
Services
We are informed that the property is connected to mains electricity, water and drainage supplies.
Tenure
We are informed that the property is freehold, subject to the respective commercial and residential leases/tenancies in place.
VAT
We understand that the property is not elected for VAT and therefore VAT is not payable on this transaction.
Planning
We are informed that the property benefits from use class E of the Town and Country Planning Act and C3 planning on the uppers.
Directions
The property is situated at the end of Leg Street on the corner of Beatrice Street and Albion Hill.
Brochures
Property BrochureFull DetailsEnergy Performance Certificates
Energy Performance CertificateBeatrice Street, Oswestry
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gobowen Station2.4 miles
- Chirk Station5.0 miles
About the agent
Property since 1862
Bowen providing local homeowners with expert advice since 1862, our team are here to guide you through every step of your property journey. Whether you are looking to buy, sell, rent or let, we provide a range of services designed to protect and enhance your property.
We do this by listening to your needs while looking at the bigger picture, delivering clear and honest advice that points you in the right direction. Your home is in safe hands with Bowen.
Industry affiliations
Notes
Disclaimer - Property reference 12376803. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bowen, Oswestry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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