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10 St. Mary's Street, Newport, TF10 7AB

Offers in Region of
£550,000

£136.24 per sq ft

Business rates & charges may apply

Towler Shaw Roberts, Shrewsbury
SIZE AVAILABLE

4,037 sq ft

375 sq m

SECTOR

Commercial development for sale

Key features

  • Occupying a sought-after town centre location.
  • Part let, part owner occupied.
  • Currently producing a total rental income of £28,200 p.a.
  • Further income opportunities.
  • Strong asset management opportunity for investors.

Description

The property comprises a substantial mixed-use property providing; self-contained ground floor retail unit, split level 5-bedroom first floor flat, 2-bedroom first floor flat and 4-bedroom split level maisonette flat. The property also benefits from extensive private parking for 11 cars and garage.

The ground floor retail unit comprises a self-contained opticians with an attractive open plan reception area and separate treatment rooms and offices to the rear. The first-floor apartments are accessed via a shared ground floor entranceway and provide modern accommodation with generous room sizes. The maisonette is self contained and provides spacious accommodation arranged over 2 floors.

The property has retained a number of period features throughout and offers a good investment/ development opportunity.

The property occupies a highly sought after location in Newport town centre amongst a variety of national and independent traders including: Tylers Gas & Electric, Drew Udall & Co. and more. On street car parking is available directly in front of the property on St. Mary’s Street with various public car parks close by. Parking can also be made available to the rear of the property.

Newport is a busy and popular Market Town within the Telford and Wrekin conurbation, situated approximately 6 miles north of Telford, 25 miles north east of Shrewsbury and 10 miles north of the M54 motorway.

The town supports a range of national and independent retailers and is close to the world-renowned Harper Evans University supporting in excess of 4,000 students. On the fringe of the town centre is the new Newport Innovation Park which will provide a wealth of job opportunities as well as attracting inward investment to the local area.

The freehold property is offered for sale subject to the existing occupational leases and Assured Shorthold Tenancies.

Brochures

10 St. Mary's Street, Newport, TF10 7AB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Oakengates Station6.1 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 that encompass the breadth of our clients' needs and include Asset Management, Agency, Landlord and Tenant, Investment, Valuation and Professional Services, Rating and Compensation Advice, Dilapidations and Property Management.

With Clients ranging from private individuals to national Corporates, TSR offer each client the same level of service with clear, professional and consistent advice on all property matters.

Notes

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