Watergate Street, Whitchurch

A prominently located, mixed commercial and residential investment situated in the heart of Whitchurch town centre. The property benefits from a Total Net Internal Floor Area of approximately 948 sq ft (88.1 sq m) and produces currently a total rent of £4,860 per annum with further income potential from the occupation of the ground floor previously obtaining £7,000 per annum.

Offered for sale at offers in the region of £180,000 (exclusive), this well-positioned town-centre asset provides a strong and diversified income stream underpinned by sustained occupier demand. Viewing is highly recommended.

23 and 23A Watergate Street provides a mixed use investment opportunity extending to a Total Net Internal Floor Area of approximately 948 sq ft (88.1 sq m) arranged over two floor. The property is currently configured as a retail unit with ancillary storage and welfare facilities on the ground floor and a one bedroomed apartment on the first floor.

The ground floor provides approximately 454 sq ft (42.1 m sq), the first floor extends to approximately 495 sq ft (46 m sq)

The property fronts onto Watergate.

The property occupies a prominent position within Whitchurch town centre, a well-established market town in north Shropshire with a strong local economy and a broad mix of retail, leisure and professional services. Whitchurch serves as an important commercial hub for the surrounding rural catchment and benefits from good regional connectivity.

Key Location Highlights

Ground Floor

454 sq ft - 42.1 m sq

First Floor

495 sq ft - 46 m sq

Total Gross Internal Floor Area sq ft - m sq

ALL MEASUREMENTS ARE APPROXIMATE

Price - £180,000 (exclusive)

Tenure - The property is held under title number SL144707. The property is to be sold with vacant possession of the ground floor and subject to an Assured Shorthold Tenancy on the first floor.

Assured Shorthold Tenancy - £405 per calendar month from 1st August 2016.

The retail unit previously obtained £6-7,000 per annum.

Rateable Value (From April 2026) - £6,300

Council Tax Band - A

Epc - 23 Watergate - C (52)
23a Watergate - E (47)

Services - Not tested at the time of our inspection.
Purchaser to rely on their own enquiries. We understand that all services are connected to the property.

Planning - Prospective tenants should rely on their own enquiries. We understand that the property benefits from planning consent for Use Class E and Sui Generis of the Town and Country Use Classes Order 1987.

Legal Costs - Each party to bear their own legal costs.

Local Authority - Shropshire Council, Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ