Investment For Sale , 202 & 204 Whitchurch Road, Shrewsbury, Shropshire, SY1 4EL

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)