Agricultural House, Old Kerry Road, Newtown, SY16 1BS
Size
19,404
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Commercial development, Other, Traditional office, Light industrial
- Frontage
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No floor / site plan
Key features
- Iconic landmark mixed-use Grade II Listed commercial building
- Prominent elevated position fronting Old Kerry Road
- Rear yard and car parking
- Located adjacent to the Newtown railway station.
- Let to a range of leisure operators.
- Total rental income of £21,000 per annum exclusive.
- Attractive investment/conversion (STP) opportunity with strong asset management potential.
Description
The property has since been adapted and converted to provide flexible open plan commercial business space arranged over 6 floors with on-site car parking.
The building (with the exception of the top floor) is currently let and occupied for a range of leisure uses including a gym/personal training facility, indoor bowling alley, boxing club and martial arts centre producing a total rental income of £21,000 per annum exclusive.
The property offers an attractive investment and asset management opportunity or potential conversion for a range of alternative uses (subject to planning).
The property occupies a prominent, elevated position adjacent to the Newtown railway station and within a convenient walking distant of the main retail centre of Newtown and other amenities. The property is well located just off Old Kerry Road, and close to the main A489 trunk road, which in turn links to the Newtown bypass.
Newtown is centrally located in Mid Wales and is the principal economic and administrative centre for the area being situated approximately 30 miles west of Shrewsbury and the M54 and 40 miles east of Aberystwyth and serves a wide catchment area.
The town has a large and developing commercial/industrial base and has also benefitted from the recent opening of the Newtown Bypass. The town also has a mainline rail station on the Cambrian Line from Shrewsbury to Aberystwyth and Machynlleth to Pwllheli.
Offers in the region of £225,000 are invited for the freehold interest subject to and with the benefit of the current tenancies.
A sale at this level reflects a gross yield of 9.33% before Purchaser’s normal costs.
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
About Towler Shaw Roberts, Shrewsbury
Since 1991, TSR have been providing expert professional advice on Commercial Property matters with the remit of adding value to our individual clients business. With three strategically located offices in Shropshire and the West Midlands TSR's in depth knowledge of the local markets conditions has led to our coverage extending beyond our typical coverage of Wales, the West Midlands, Shropshire and Staffordshire.
As a progressive and proactive firm, we offer a holistic range of services that encompass the breadth of our clients' needs and include Asset Management, Agency, Landlord and Tenant, Investment, Valuation and Professional Services, Rating and Compensation Advice, Dilapidations and Property Management.
With Clients ranging from private individuals to national Corporates, TSR offer each client the same level of service with clear, professional and consistent advice on all property matters.
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Disclaimer - Property reference 332721-1. 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 Towler Shaw Roberts, 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.