Investment For Sale , 202 & 204 Whitchurch Road, Shrewsbury, Shropshire, SY1 4EL
Size
1,048
Tenure
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EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- INVESTMENT FOR SALE
- INVESTMENT OPPORTUNITY (EXISTING BUSINESS UNAFFECTED)
- 2 SHOPS, 6 FLATS
- RETAIL/RESIDENTIAL INCOME PRODUCING INVESTMENT
- 9.81% NIY (PRICE - £160,000)
Description
The property comprises of two lock up shop units on the ground floor that are currently arranged as one lock shop unit with 6 residential flats above that have all been sold off on long leases and a service delivery area. The residential flats are sold off on long leasehold tenures and each flat is liable to pay a ground rent of £75 per annum currently. The property comprises of an opportunity to acquire a commercial retail investment with additional income generated from the ground rents from the flats that are sold off on long leases.
The ground floor lock up shop unit provides two shop units, Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet and Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet .
The shop unit has a glazed return glazed frontage. The property is three storey and of concrete framework with brick infill panels under a flat roof cover.
Offers in the region of £160,000 (exclusive) showing a Net Initial Yield of 9.81% (after allowing for normal purchasers costs.
INVESTMENT FOR SALE
INVESTMENT OPPORTUNITY (EXISTING BUSINESS UNAFFECTED)
2 SHOPS, 6 FLATS
RETAIL/RESIDENTIAL INCOME PRODUCING INVESTMENT
9.81% NIY (PRICE - £160,000)
- Service charge
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- Business rates
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- Use class
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- Listed building
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- BREEAM rating
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- Environmental description
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Brochure
Investment For Sale , 202 & 204 Whitchurch Road, Shrewsbury, Shropshire, SY1 4EL
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Disclaimer - Property reference 3808FH. 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 BA COMMERCIAL, BA Commercial. 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.