Upton Mill, Upton Lane, Shifnal, Shropshire, TF11
£64.59 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
42,578 sq ft
3,956 sq m
- SECTOR
Light industrial facility for sale
Key features
- Multi-let industrial estate comprising 11 units, providing a total of 42,578 sq ft on a site of 1.8 acres
- Unit sizes ranging from 1,700 – 18,000 sq ft
- Convenient location in Shifnal
- Residential development potential (Subject to Planning)
- Offers in excess of £2,750,000 (two million seven hundred and fifty thousand pounds) subject to contract and exclusive of VAT for our client’s freehold interest.
- A purchase at this level represents a low capital value of £65 per sq ft.
- Available with vacant possession or income producing via a sale and leaseback.
Description
Location
The property is located on Upton Lane off Stanton Road and the A464 approximately 3 miles from Junctions 4 and 5 of the M54. The site is approximately 6 miles to the east of Telford, 13 miles to the north-west of Wolverhampton, and 39 miles north-west of Birmingham. Shifnal is within a short drive and has direct rail services to Birmingham and Shrewsbury.
Accommodation Schedule
The site comprises 10 commercial units with the approximate floor areas below: Unit 1 611sq m 6,577sq ft Unit 2 165sq m 1,776sq ft Unit 3 161sq m 1,733sq ft Unit 4 620sq m 6,674sq ft Unit 5 195sq m 2,099sq ft Unit 6 175sq m 1,884sq ft Unit 7 242sq m 2,605sq ft Units 8, 9 and 10 1672sq m 17,998sq ft Office Building 114sq m 1,232sq ft Total 3,995sq m 42,578sq ft
Tenancy
The vendor is flexible in terms of what is offered to a purchaser, with options outlined below: 1. Unit 1 is currently vacant 2. Unit 4 & 5 leased at a rent of £41,414 per annum 3. Unit 7 leased at a rent of £18,235 per annum 4. Unit 6 is close to being leased at £12,000 per annum 5. The vendor is open to a leaseback on Units 2, 3, 8-10 and the office at a rent to be agreed
EPCs
The office building has an EPC rating F-148. The industrial/warehouse units are classified as low energy buildings and do not require EPCs.
Tenure
Freehold
Title Numbers
SL172590, SL172356, SL215437
Services
The agent has not tested any apparatus, equipment, fixtures, fittings, or services and cannot verify they are in working order or fit for their purpose. Interested parties are advised to obtain verification from their surveyor, contractor, or solicitor.
Use Classes
We understand the site has an established commercial use but interested parties should rely on their own investigations.
VAT
All prices quoted are exclusive of VAT, which may be chargeable at the prevailing rate. The sale could be treated as a TOGC.
Legal Costs
Each party will be responsible for their own legal costs.
AML
In accordance with current Anti–Money Laundering regulations, the selling agents are required to carry out due diligence checks on all prospective purchasers.
Brochures
Upton Mill, Upton Lane, Shifnal, Shropshire, TF11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shifnal Station0.8 miles
- Cosford Station2.4 miles
- Telford Central Station3.9 miles
About Berrys Commercial, Shrewsbury
Beech House Anchorage Avenue, Shrewsbury Business Park, Shrewsbury, SY2 6FGNotes
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