Leek Street, Wem, Shrewsbury, Shropshire

Freehold Mixed-Use Investment Opportunity – 12 Leek Street, Wem

Property Type:
Freehold block of three commercial units with residential development potential

Location – Wem, Shropshire:
Wem is a thriving market town located in North Shropshire, approximately 9 miles north of Shrewsbury and 14 miles south of Whitchurch. The town is well connected via the A49, A41, and a direct rail link to Shrewsbury and Crewe, making it a strategic hub for both commuters and local businesses.

The town boasts a vibrant local economy, supported by a mix of independent retailers, national chains, and professional services. Wem serves as a key service centre for the surrounding rural communities, attracting steady footfall and providing a solid customer base for commercial occupiers. The town also benefits from regular weekly markets, a strong sense of community, and a growing residential population – all contributing to a healthy and sustainable retail and business environment.

12 Leek Street occupies a prominent position just off Wem’s bustling High Street, on a busy through-road that benefits from constant pedestrian and vehicular traffic. The location offers strong visibility and accessibility, with public car parking directly to the front and dedicated tenant parking to the rear, making it ideal for both occupiers and customers.

Key Features
Freehold block comprising two ground floor commercial units and one first floor commercial unit.
Two units let to long-term tenants, providing secure income
Rear dedicated tenant parking
Customer parking available at the front via a public council car park
Development potential to upper floors (subject to planning):
Opportunity to convert to approximately 3 apartments
Potential for additional commercial space if desired

Investment Highlights
Prime location in a growing market town

Consistent tenant demand and commercial activity in the area
Stable income from existing tenants – details available on request
Scope to enhance value through upper floor redevelopment or reconfiguration
Suitable for investors, developers, or owner-occupiers

Tenure & Price

Tenure: Freehold
Guide Price: £275,000 (Two Hundred Seventy-Five Thousand Pounds)
Income: Please enquire for full tenancy and income schedule

Additional Information

Parking:

Private tenant parking to rear
Public council parking to front (ideal for customer use)
Planning Potential:
Upper floors suitable for conversion to residential apartments or commercial use (subject to planning consent)

Legal Costs:

Each party to bear their own legal costs

Viewings & Further Info:
Viewings strictly by appointment only
Income details and further documentation available on request

SERVICES
Main water, drainage and electricity, gas—note, none of these have been tested by the agent.
LOCAL AUTHORITY
Shropshire County Council
TENURE Freehold.
Construction type: brick construction.

Viewing by prior appointment only through Welch Estate Agents.

Video tour available upon request
NOTICE Whilst every effort has been made to ensure the accuracy of these sales details, they are for guidance purposes only, and prospective purchasers or lessees are advised to seek their own professional advice as well as to satisfy themselves by inspection or otherwise as to their correctness. No representation or warranty whatsoever is made in relation to this property by Welch Estate Agents or its employees, nor do such sales details form part of any offer or contract.