Cross Street, Ellesmere.

A substantial mixed-use residential/commercial Grade II listed period town centre building comprising a one-bedroom second floor apartment and around 3,500 sq ft of commercial space with excellent frontage; fully tenanted and providing a gross yield of circa 12% within a prominent town centre location.

Description - Halls are delighted with instructions to offer 6 Cross Street in Ellesmere for sale by private treaty.

6 Cross Street is a substantial mixed used Grade II listed period building prominently situated within the heart of Ellesmere's thriving town centre. The property provides around 4,000 sq ft of versatile accommodation comprising a one-bedroom second floor apartment extending to around 470 sq ft, along with three storeys of commercial space (including a cellar) which extends to approximately 3,500 sq ft.

Both elements of the property are currently tenanted with a combined per annum rent of £25,500, thus providing investors with an attractive gross yield of circa 12%.

Situation - 6 Cross Street lies at the centre of Ellesmere's thriving town centre, which, with its varied selection of independent shops, public houses, and historic market hall, as well a close proximity to both The Mere and the Shropshire Union canal network, attract tourists and sightseers throughout the year, whilst providing a reliable range of day-to-day amenities for those living nearby. Ellesmere sits amidst the rolling countryside of the north Shropshire landscape, with the larger towns of Oswestry and Whitchurch close at hand; the county centres of Wrexham and Shrewsbury are positioned to the north and south respectively and offer a comprehensive range of amenities of all kinds.

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Directions - From our Ellesmere office, proceed north along Cross Street and number 6 will be situated on the opposite side of the road, identified by a Halls "For Sale" board.

The Flat - Positioned on the second floor of the property is a well proportioned one-bedroom apartment comprising a Living Room, Kitchen, Bedroom, and Shower Room. The property is presently tenanted on a contractual periodic tenancy with a monthly rental figure of £425pcm.

We understand that the current tenant wishes to remain in occupancy and, therefore, furthers the appeal of the property as an investment vehicle, whilst providing scope for those with owner/operator intentions wishing to live on-site.

EPC - 56 (D)

Commercial Space - The commercial element of the building extends to around 3,500 sq ft and is arranged over three floors, including a cellar, with a large shop floor (approx 475 sq ft) boasting prominent high street frontage which leads through to a selection of versatile inner rooms currently serving the tenant's bakery business but with scope for a vast variety of onward usages.

EPC: 93 (D)
Current Rent: £1,700pcm (£20,400 pa)

Services - We are advised that the property benefits from mains water, electrics, gas, and drainage.

Tenure & Possession - The property is said to be of freehold tenure and is offered with sitting tenants.

Local Authority - Shropshire Council, Shirehall, Abbey Foregate, Shrewsbury, Shropshire, SY2 6ND.

Council Tax/Rateable Value - The Flat is shown as being within council tax band A on the local authority register.

The commercial premises carry a current rateable value of £9,800 pa

Anti-Money Laundering (Aml) Checks * - We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.

The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.

Viewings - By appointment through Halls, The Square, Ellesmere, Shropshire, SY12 0AW.