202 - 204, Whitchurch Road, Shrewsbury, SY1 4EL
£170.61 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,048 sq ft
97 sq m
- SECTOR
High street retail property for sale
Key features
- Retail/residential income producing investment
- Showing a Net Initial Yield of 9% (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
Description
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.
Availability_text
The accommodation comprises the following areas:
Brochures
202 - 204, Whitchurch Road, Shrewsbury, SY1 4EL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shrewsbury Station1.8 miles
About Halls Commercial, Shrewsbury
Bowmen Way, Battlefield, Shrewsbury, SY4 3DR
Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years of operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. We have been providing commercial property services to
Notes
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