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24 Cheshire Street, Market Drayton, TF9 1PF

£399,000

£120.40 per sq ft

Business rates & charges may apply

Cooper Green Pooks, Shrewsbury
SIZE AVAILABLE

3,314 sq ft

308 sq m

SECTOR

Mixed use property for sale

Key features

  • Located in the centre of a popular market town.
  • Established retail tenant on ground and residential above.
  • Price £399,000 and an annual income of £32,900 per annum making a gross yield of 8.25%.
  • Scope for further asset management and potential rental uplift on the residential lets.

Description

Description
Market Drayton is a market town in Shropshire with a resident parish population of 12,588. The town benefits from being on the A53 connecting it to Shrewsbury (20.3 miles) and Stoke-on-Trent (16.9 miles) and along the A41 Whitchurch (12.4 miles) and Newport, Shropshire (12.5 miles).
Within Market Drayton, the property is located on Cheshire Street, adjacent to the Buttercross, a historic covered market built in 1824. Cheshire Street is home to a thriving street market every Wednesday as well as the new Market Hall open every Wednesday and Saturday and hosts a variety of independent traders including award winning Butchers, handmade artisan chocolates, jewelry and fresh fruit and vegetables.
Nearby occupiers include Leek Building Society, Style Optique (opticians), Get Connected (mobile network provider) Purcell Accountants, Francesco’s (hair salon), Greggs, Costa, Specsavers Opticians and Audiology, Polka Dot Travel, Natwest Bank and the New Market Hall among a variety of other national and independent retailers, café’s and restaurants.

Location
The property is a three storey building of brick elevations under a multi-pitched roof. The ground floor is let to a popular and established delicatessen and sandwich bar with an attractive double bay window frontage and steps up to a recessed doorway entrance. There is a separate access to the residential above, located to the side of the shop entrance within an arched porch.

Brochures

24 Cheshire Street, Market Drayton, TF9 1PF

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Prees Station8.6 miles

About Cooper Green Pooks, Shrewsbury

3 Barker Street, Shrewsbury, SY1 1QF

BUSINESS SPACE - As commercial property agents, we can offer informed advice on all aspects of office and industrial properties. Whether representing landlords, tenants or developers with regards to sales, lettings or advise, we are in tune with current demands in this fast moving sector.

RETAIL / LEISURE - We have extensive knowledge and experience of all types of retail units and leisure developments, whether in high street locations or secondary towns and pitches.

INVESTMENT - We provide institutions, property companies and private investors with a detailed insight into sales and purchases while keeping alert to every opportunity for adding value.

DEVELOPMENT - Developers and occupiers appreciate our creative and flexible approach to site acquisition and disposal. We work closely with national agency and investment colleagues.

If you'd like to discuss any commercial property related matters or to arrange an informal valuation please contact a member of the commercial team today on 01743 276666 or cjp@cgpooks.co.uk

VALUATION

We offer a comprehensive valuation service to a wide range of clients throughout Shropshire and the Welsh Borders. In addition, we are able to offer national coverage for specialised property and/or specific clients.

We have expert knowledge of the wider Shropshire area based on long experience of the market in retail shops, office, industrial, investment and leisure uses, development land and specialist animal welfare premises.

Clients include banks, building societies, charities, executors, administrators/liquidators, property companies, pension funds and private individuals.

Commercial property valuations are undertaken for bank lending, acquisition, asset, matrimonial, probate, disposal or taxation purposes.

If you'd like to arrange a professional valuation please contact a member of the commercial team today on 01743 276666 or tcp@cgpooks.co.uk

RENT REVIEWS AND LEASE RENEWALS

We provide expert advice on rent reviews and lease renewals on industrial, office, retail property and more specialist commercial property. We can help you obtain the best rental settlements, negotiate new leases or secure improvements to existing ones. We can provide advice on lease surrenders and other 'exit routes'.

We will also proceed to arbitration where required. A major strength is our detailed knowledge of the Shropshire, Midlands and North Wales marketplace. This gives clients the reassurance that we are in tune with current trends and market levels.

If you'd like to discuss your commercial property requirements and how we can help please contact a member of the commercial team today on 01743 276666 or cjp@cgpooks.co.uk

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 335341-1. 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 Cooper Green Pooks, 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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