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Agricultural House, Old Kerry Road, Newtown, SY16 1BS

Offers in Region of
£295,000

£15.20 per sq ft

Business rates & charges may apply

Towler Shaw Roberts, Shrewsbury
SIZE AVAILABLE

19,404 sq ft

1,803 sq m

SECTOR

High street retail property for sale

Key features

  • Iconic landmark mixed-use commercial building
  • Prominent elevated position fronting Old Kerry Road
  • Rear yard and car parking
  • Located adjacent to the Newtown railway station.
  • Let to a range of leisure operators.
  • Total rental income of £21,000 per annum exclusive.
  • Attractive investment/conversion (STP) opportunity with strong asset management potential.

Description

The property comprises iconic landmark building dating from 1895, and extending to approx. 19,404 square feet (1,802 sqm) having high ceilings and traditional features throughout. The building was originally constructed in conjunction with the neighbouring Royal Welsh Warehouse, originally built for Pryce Jones, the founder of the world’s first mail order business in 1859.

The property has since been adapted and converted to provide flexible open plan commercial business space arranged over 6 floors with on-site car parking.

The building (with the exception of the top floor) is currently let and occupied for a range of leisure uses including a gym/personal training facility, indoor bowling alley, boxing club and martial arts centre producing a total rental income of £21,000 per annum exclusive.

The property offers an attractive investment and asset management opportunity or potential conversion for a range of alternative uses (subject to planning).

The property occupies a prominent, elevated position adjacent to the Newtown railway station and within a convenient walking distant of the main retail centre of Newtown and other amenities. The property is well located just off Old Kerry Road, and close to the main A489 trunk road, which in turn links to the Newtown bypass.

Newtown is centrally located in Mid Wales and is the principal economic and administrative centre for the area being situated approximately 30 miles west of Shrewsbury and the M54 and 40 miles east of Aberystwyth and serves a wide catchment area.

The town has a large and developing commercial/industrial base and has also benefitted from the recent opening of the Newtown Bypass. The town also has a mainline rail station on the Cambrian Line from Shrewsbury to Aberystwyth and Machynlleth to Pwllheli.

Offers in the region of £295,000 are invited for the freehold interest subject to and with the benefit of the current tenancies.

A sale at this level reflects a gross yield of 7.12% before Purchaser’s normal costs.

Brochures

Agricultural House, Old Kerry Road, Newtown, SY16 1BS

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newtown Station0.1 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

These notes are private, only you can see them.

Disclaimer - Property reference 332721-1. 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 Towler Shaw Roberts, Shrewsbury. 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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