32 Church Street, Oswestry, Shropshire, SY11 2SS
£103.34 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,145 sq ft
292 sq m
- SECTOR
High street retail property for sale
Key features
- Substantial two-storey bank investment property
- Extending to approximately 3,145 sqft (292.25 sqm).
- Prominent town centre location
- On-site car parking
- Total site area of approx 0.29 acres (0.12 hectares).
- Let to TSB Bank plc for a term of 5 years from 25th March 2023
- OIRO £325,000 invited for the freehold interest subject to the existing tenancy
Description
The first-floor benefits from internal and independent access at the front providing further private office accommodation with separate storage and staff welfare/toilet facilities. The property has the benefit of 6 on-site car parking spaces to the rear, beyond which is a large enclosed garden offering scope to provide further parking (subject to planning).
The property occupies a prominent position fronting Church Street in the heart of Oswestry Town Centre in a popular trading location close to a number of national and independent traders including M & S Food, Nationwide Building Society, Boots and Greggs.
The property is located opposite a public pay and display short stay car park with the town's main car park within a short walking distance.
Oswestry is an important North Shropshire market town strategically located on the fringe of the English and Welsh border approx. 18 miles north west of Shrewsbury, 30 miles south of Chester and 28 miles from Newtown via A5 / A483 trunk roads. The town has a large commercial centre and developing industrial base serving a wide catchment area.
The freehold property is available for sale subject to the existing occupational lease granted to TSB Bank Plc.
The entire property is let by way of a renewal lease to TSB Bank Plc for a term of 5 years from 25th March 2023 at a rent of £27,500 per annum exclusive. The lease is held on a tenant's full repairing and insuring basis and includes a tenant break option effective on 25th March 2026 subject to 6 months prior written notice.
A copy of the lease is available from the Selling Agents upon request.
Offers in the region of £325,000 are invited for the freehold interest subject to and with the benefit of the existing tenancy.
A sale at this level reflects a net initial yield of 8.17% after Purchaser's normal costs of 3.57%.
Energy Performance Certificates
EPC 1Brochures
32 Church Street, Oswestry, Shropshire, SY11 2SS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gobowen Station2.6 miles
About Towler Shaw Roberts, Shrewsbury
Brassey Road, Shrewsbury, SY3 7FA
Since 1991, TSR have been providing expert professional advice on Commercial Property matters with the remit of adding value to our individual clients business. With three strategically located offices in Shropshire and the West Midlands TSR’s in depth knowledge of the local markets conditions has led to our coverage extending beyond our typical coverage of Wales, the West Midlands, Shropshire and Staffordshire.
As a progressive and proactive firm, we offer a holistic range of services
Notes
Disclaimer - Property reference SY23304. 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 Towler Shaw Roberts, 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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