Commercial Property for sale

9 High Street, Market Drayton, TF9 1PY

£175,000

Property Description

Full description

Tenure: Freehold

LOCATION
The property, which fronts onto High Street, is situated within Market Drayton Town Centre, a north Shropshire Market Town with a population of approximately 12,000 located 20 miles north east of Shrewsbury, 14 miles south west of Newcastle-under-Lyme and 22 miles north of Telford.

The town benefits from excellent road communications being located on the A53 which connects Newcastle-under-Lyme with Shrewsbury. The M6 motorway is approximately 12 miles to the east and provides access to the national motorway network.

Retailers within proximity of this unit include Post Office, Boots, W H Smith, Argos, B & M, Greggs and Barclays Bank. Supermarkets in the town include Asda, Lidl and Morrisons and major employers include Muller and Kerry Group.

DESCRIPTION
The property comprises a mid-terraced, three storey property with a shop and studio apartment on the ground floor, a flat on the first floor and a flat on the second floor. Barbers have not carried out a measured inspection of the property. The property is Grade II Listed.

ACCOMMODATION
Ground Floor
Shop - Hairdresser: Let on a Lease for 3 years from March 2016, at a rental figure of £4,000 per annum, with a 12 month break clause.

Studio Apartment: Let on an Assured Shorthold Tenancy, at a rental figure of £260 per calendar month - £3,120 per annum.

First Floor
Two bedroom flat: Let on an Assured Shorthold Tenancy, at a rental figure of £375 per calendar month - £4,500 per annum.

Second Floor
Apartment: Let on an Assured Shorthold Tenancy, at a rental figure of £375 per calendar month - £4,500 per annum.

Total Rental Income: £16,120 per annum

TERMS
The property is freehold. Barbers have not had sight of any tenancy agreements and no guarantee is given that the tenants will be in occupation upon completion of an eventual sale

OUTGOINGS
The Valuation Office Agency Website gives the rateable value of the shop as £4,450.

VAT
All figures quoted are exclusive of VAT which may be payable under the prevailing rate.

VIEWING
Contact Barbers


More information from this agent

Nearest station

  • Prees (8.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Barbers, Telford

1 Church Street, Wellington, Telford, TF1 1DD

01952 766019 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest station

  • Prees (8.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Barbers, Telford

1 Church Street, Wellington, Telford, TF1 1DD

01952 766019 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 101056052506. 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 Barbers, Telford. 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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