Commercial Site & Premises, Wood Street, Shrewsbury, Shropshire, SY1

The property comprises a large, level site being a former builders merchants and distribution centre.

The overall site area extends to approximately 6.61 acres (2.67 hectares) and includes a complex of various industrial/commercial buildings totalling approximately 29,775 sqft (2,766.25 sqm). The site also includes extensive concrete/tarmacadam surfaced open storage and circulation areas.

The property provides a unique opportunity to acquire a large commercial site and premises close to the town centre with commercial/residential development potential, subject to planning.

The property occupies a convenient suburban location in Wood Street, just off Ellesmere Road (A528) being one of the main arterial roads into Shrewsbury from the north approximately one mile from the town centre.

The County Town of Shrewsbury is situated on the banks of the River Severn and is the main commercial and administrative centre of Shropshire leading into Mid-Wales.

The Town is experiencing rapid growth and offers a unique blend of cultural, educational and economic opportunities in one of the most beautiful parts of the Country with excellent road and rail communications.

The Town is strategically located at the intersection of the A49 and A5 main trunk road being approximately 15 miles west of Telford, 30 miles from Wolverhampton and 50 miles from Birmingham. Chester is within 40 miles of the north and Hereford is about 50 miles to the south.

The town has benefitted from the opening of the Shrewsbury bypass which forms part of the A5 trunk road and connects to the M54 motorway and the national motorway network to the east, extending west to North and West Wales.

The Town is well served by rail connections to neighbouring towns and beyond to the national rail system having a direct service to London Euston.

The property is understood to be freehold tenure.

The Old Mill Building (Building 3) is currently let as a vehicle workshop for a term of 5 years from 16th April 2018 at a rent of £3,500 per annum. The lease is contracted outside the security of tenure provisions of the Landlord & Tenant Act 1954 and includes a Landlord's redevelopment provision.

The remaining site and buildings are offered with the benefit of vacant possession.

The property is offered for sale by private treaty inviting offers in excess of £1.8 Million subject to a lease granted in respect of Building 3 and otherwise with the benefit of vacant possession upon completion.