Commercial property for sale
St Mary's Street, Newport
- SIZE AVAILABLE
1,555 sq ft
144 sq m
- SECTOR
Commercial property for sale
Key features
- Prominently located income producing property in the sought-after town of Newport
- Potential asset management opportunity by redevelopment of vacant uppers
- Of interest to investors and property speculators/developers
- Total Net Internal Area of the property approximately 1,555 sq ft (144.47 m sq) excluding basement
Description
The property is of traditional construction. The property benefits from a separate access via a side passage to the rear of the property, which can be accessed between 6am and 7pm each day.
The property is of potential interest to investors, property developers and owner occupiers. Its potential can only be fully appreciated by undertaking an inspection of the property.
Location - The property is prominently located fronting onto St Mary's Street and situated just off High Street. The surrounding occupiers include St Nicholas Church, Francesco Hair salon, vine and malt and Tilers Gas and Electrical. The property is located within proximity of all local amenities.
Newport is an attractive market town situated on the Shropshire/ Staffordshire Border. The town is located approximately 6 miles north of the town of Telford, 12 miles west of the town of Stafford and 25 miles northeast of the County Town of Shropshire. The town had a population of 11,387 at the 2011 census. The town lies approximately 9 miles from the M54, which provides access to the national road network.
Viewings - Strictly by prior arrangement with the selling agents.
Planning - Interested parties should make their own enquires.
The property is understood to benefit from planning consent for Use Class E of the Town and Country Use Classes Order 1987. The property is understood to be Grade 2 listed and situated in a conservation area.
Services - (Not tested at the time of inspection)
We understand that mains water, drainage and electricity are understood to be connected to the property which are currently sub metered to the respective parts.
Local Authority - Telford & Wrekin Council,
PO Box 457,
Wellington Civic Offices,
Telford,
TF2 2FH
Tenure - The property is for sale freehold with vacant possession subject to the following lease:-
Ground Floor and basement:
The lease is for a term of 5 years from 1st of July 2022 at a current rent of £8,000 on tenants internal repairing and insuring terms.
First and Second Floor: Vacant Possession
Brochures
St Mary's Street, Newport
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Oakengates Station6.1 miles




Notes
Disclaimer - Property reference 34461388. 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 Halls Commercial, 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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