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Commercial Property for sale

High Street, Whitchurch, Shropshire

1,458 sq. ft. | £165,000

Property Description

Commercial information

  • 1,458 sq ft (135 sq m)

Full description

A town centre investment opportunity, plus potential for further income/development of the accommodation to the rear ground floor and basement. The sale also includes the long leasehold of the upper floors. Current income £12,000 pa, increasing to £15,000 pa from 5th October 2017.

Situation - This property is a Grade II Listed building located in the centre of Whitchurch town centre; the oldest market town in North Shropshire. The premises features return frontage and public short stay parking within close vicinity. Whitchurch is approximately

Oswestry 21 miles
Nantwich 11 miles
Market Drayton 13 miles
Wrexham 17 miles

Description - The front section of the property consists of a cafe with large corner frontage onto High Street and St Mary's Street. The rear section is separately accessed from St Mary's Street leading into the rear offices and stores. There is a communal corridor leading to a shared toilet facility at the rear of the property. The basement can be accessed from the corridor or externally from the rear and runs the length of the building.

The front retail area is let and trading as a cafe. The lease terms are:

Tenant: Sole trader
Term: 9 years from 5th October 2015.
Initial rent: £12,000 pa.
Rent: £15,000 pa from 5th October 2017.
Rent reviews: 3 yearly.
Mutual option to determine every 3 years.

One office is currently let on an informal basis at a gross rent of £120 pcm. The other office will be offered with vacant possession.

Accommodation - Net frontage: 6.6m
Depth: 9.53m
Retail area: 65.93 Sq m (709 sq ft)
Cafe's Kitchen: 18.87 Sq m (203 sq ft)

Office 1: 21.37 sq m (230 sq ft)
Office 2: 24.35 sq m (262 sq ft)
Rear store: 4.98 sq m (54 sq ft)
W.c.

Basement: 139 sq m (1,496 sq ft)

Services - All mains services are available subject to any reconnection which may be necessary.

Planning - Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Tenure - The freehold is offered subject to a 999 year long leasehold of the upper floors at a peppercorn rent and the existing Tenancies at the time of completion.

Legal Costs - Each party is to be responsible for their own legal costs incurred in connection with the sale / purchase of the property.

Viewings - Strictly by appointment via bjb commercial, Head Office, Lake View, Festival Way, Stoke-on-Trent ST1 5BJ. Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

IMPORTANT NOTICE
As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not comment on the condition of the property or other issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.


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