Haygate Road, Wellington Telford, TF1
- PROPERTY TYPE
Retail Property (out of town)
- SIZE
2,225 sq ft
207 sq m
Description
Investment Summary
• Let to Tesco Stores Limited, providing a total of approximately 2,226 sq ft on a site of 0.23 acres. • Annual Rent of £26,875 per annum, equating to an average rent of approximately £12 per sq ft • Offers are sought in the region of £420,000 (four hundred and twenty thousand pounds) subject to contract and exclusive of VAT. A purchase price at this level reflects an attractive Gross Yield of 6.40% and a low capital value of £188.68 per sq ft.
Description
The property comprises a detached property of brick construction. The property benefits from off road customer to the front of the property and additional parking to the rear of the property. The property is currently let to Tesco Stores Limited until 2037.
Location
Wellington is a market town of Telford, located 3 miles north-west of Telford town centre and 12 miles east of Shrewsbury. The property is located off Haygate Road.
Situation
The property occupies a highly visible roadside location fronting Haygate Road. The property is also situated within a densely populated residential area.
Floor area
The property comprises approximately 2,226 sq ft. The purchaser is to rely on their own investigations regarding the floor areas.
Tenure
Freehold (Title Number: SL209723). A copy of the Title Registers and Plans is available upon request.
VAT
The property is elected for VAT. It is envisaged that the sale can be treated as a transfer of a going concern (TOGC).
Business Rates
Interested parties should rely on their own investigations through the local authority.
Legal Costs
Each part will be responsible for their own legal costs.
EPCs
Energy performance certificates available on request.
Anti-Money Laundering
Any potential purchaser will be required to share relevant information to comply with anti-money laundering checks.
Term
The property is let to Tesco Stores Limited on a 40-year lease ending in 2037. A copy of the lease agreements can be provided upon request.
Brochures
ParticularsHaygate Road, Wellington Telford, TF1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wellington Station0.2 miles
- Oakengates Station3.1 miles
- Telford Central Station3.6 miles
About the agent
Berrys, Shrewsbury
Beech House Anchorage Avenue Shrewsbury Business Park Shrewsbury SY2 6FG
Working nationally from a network of offices since 1890, Berrys can offer you and your property a unique combination of the benefits of smaller and large national firms.
By utilising our agents’ in-depth local knowledge and combining it with the benefits of the technically diverse national team, we are able to present your property in the most strategic way for the market, maximising your chances of a smooth sale or letting.
We have a proven track record in the letting and sale of
Industry affiliations
Notes
Disclaimer - Property reference SHR240037. 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 Berrys, Shrewsbury. 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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