New Street, Wellington, Telford
Offers in Region of
£210,000
£125.07 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,679 sq ft
156 sq m
- SECTOR
Commercial property for sale
Description
The property comprises of a prominently located part three and part two storey mid terraced property that is arranged to provide a mixed commercial and residential investment. The property is arranged to provide a ground floor lock up shop unit that is trading as a hair salon and has a Total Net Sales Area of approximately 444 ft sq ( 41.29 m sq) with ancillary accommodation that fronts onto New Street.
The property then has a separate ground floor entrance that has a door from New Street and at the rear of the property into a ground floor entrance that provides access to a residential flat known as 65a that is arranged over the first and second floors that has a Total Gross Internal Floor Area of approximately 1,183 ft sq (109.89 m sq). It is arranged to provide a landing area, sitting room, kitchen and toilet on the first floor and three bedrooms (one with ensuite showeroom) and a bathroom on the second floor.
The property is of traditional construction with a glazed shop front onto High Street. The property offers an attractive investment opportunity offering a spread income profile from the commercial shop unit and large residential flat. An inspection of the property is recommended to fully understand the potential of the property.
The property is prominently located fronting onto New Street in the town centre of Wellington. New Street serves as one of the main retail streets serving the town centre of Wellington and the surrounding occupiers include Alum Jewellers, Nationwide, Workplace and Dina Restaurant.
The property is located within proximity of public car parks.
Wellington is a market town of Telford and a civil parish in the borough of Telford and Wrekin, Shropshire, England. It is situated 3 miles (4.8 km) north-west of Telford town centre and 12 miles (19 km) east of Shrewsbury; the summit of The Wrekin lies 3 miles (4.8 km) south-west of the town. The population of the town was 22,881 in 2021.
(All Measurements are approximate)
Commercial - 65 New Street
Sales Area 444 ft sq (41.29 m sq) net
Staffroom 52 ft sq ( 4.84 m sq) net
Toilet
Residential 65a New Street
Ground Floor
Entrance lobby 61 ft sq (5.69 m sq) gross
First Floor
Landing/Hallway
Sitting Room
Kitchen
Toilet
Total Gross Internal Floor Area 561 ft sq (52.08 m sq)
Second Floor
Landing
Bedroom 1 (with ensuite showeroom)
Bedroom 2
Bedroom 3
Bathroom
Total Gross Internal Floor Area 561ft sq ( 52.08 m sq)
Price - Offers in the region of £210,000 (Two Hundred and Ten Thousand Pounds) exclusive.
This shows a Net Initial Yield of 8.75 % after normal purchasers costs.
Tenure - The property is offered for sale freehold, subject to the occupational tenancies. The property is held under the ownership of Title Number SL199250.
The property is sold subject to the following tenancies;
65 New Street - Lease to Golden Scissors - Tenants Internal Repairing and Insuring Lease - Lease expiry 01/01/2029 - £9,500 per annum
65a New Street - Assured Periodic Tenancy - £8,340 per annum
Total Rent- £17,840 per annum
Copies of the tenancy agreements are available upon request from the selling agents.
Rateable Value / Council Tax Band - Prospective purchasers should make their own enquiries we understand from our internet enquiries these are as follows;
65 - Current rateable value (1 April 2026 to present) - £9,100
65a - Council Tac Band - B
Epc - 65 - C (61)
65a - E (53)
Vat - The property is understood to be elected for VAT and therefore VAT is applicable.
Services - Prospective purchasers should make their own enquiries.
The property is understood to benefit from all services.
The shop unit and residential flats are understood to benefit from separately metered supplies. There is gas fired central heating to the residential flats.
Planning - The property is understood to benefit from planning consent for Use Classes E and C3 of the Town and Country Use Classes Order 1987.
Prospective purchasers should make their own enquiries.
Legal Costs - Each Party to be responsible for their own legal costs in respect of the transaction.
Local Authority - Telford and Wrekin Council, Southwater Square, St Quentin Gate, Telford, TF3 4EJ
The property then has a separate ground floor entrance that has a door from New Street and at the rear of the property into a ground floor entrance that provides access to a residential flat known as 65a that is arranged over the first and second floors that has a Total Gross Internal Floor Area of approximately 1,183 ft sq (109.89 m sq). It is arranged to provide a landing area, sitting room, kitchen and toilet on the first floor and three bedrooms (one with ensuite showeroom) and a bathroom on the second floor.
The property is of traditional construction with a glazed shop front onto High Street. The property offers an attractive investment opportunity offering a spread income profile from the commercial shop unit and large residential flat. An inspection of the property is recommended to fully understand the potential of the property.
The property is prominently located fronting onto New Street in the town centre of Wellington. New Street serves as one of the main retail streets serving the town centre of Wellington and the surrounding occupiers include Alum Jewellers, Nationwide, Workplace and Dina Restaurant.
The property is located within proximity of public car parks.
Wellington is a market town of Telford and a civil parish in the borough of Telford and Wrekin, Shropshire, England. It is situated 3 miles (4.8 km) north-west of Telford town centre and 12 miles (19 km) east of Shrewsbury; the summit of The Wrekin lies 3 miles (4.8 km) south-west of the town. The population of the town was 22,881 in 2021.
(All Measurements are approximate)
Commercial - 65 New Street
Sales Area 444 ft sq (41.29 m sq) net
Staffroom 52 ft sq ( 4.84 m sq) net
Toilet
Residential 65a New Street
Ground Floor
Entrance lobby 61 ft sq (5.69 m sq) gross
First Floor
Landing/Hallway
Sitting Room
Kitchen
Toilet
Total Gross Internal Floor Area 561 ft sq (52.08 m sq)
Second Floor
Landing
Bedroom 1 (with ensuite showeroom)
Bedroom 2
Bedroom 3
Bathroom
Total Gross Internal Floor Area 561ft sq ( 52.08 m sq)
Price - Offers in the region of £210,000 (Two Hundred and Ten Thousand Pounds) exclusive.
This shows a Net Initial Yield of 8.75 % after normal purchasers costs.
Tenure - The property is offered for sale freehold, subject to the occupational tenancies. The property is held under the ownership of Title Number SL199250.
The property is sold subject to the following tenancies;
65 New Street - Lease to Golden Scissors - Tenants Internal Repairing and Insuring Lease - Lease expiry 01/01/2029 - £9,500 per annum
65a New Street - Assured Periodic Tenancy - £8,340 per annum
Total Rent- £17,840 per annum
Copies of the tenancy agreements are available upon request from the selling agents.
Rateable Value / Council Tax Band - Prospective purchasers should make their own enquiries we understand from our internet enquiries these are as follows;
65 - Current rateable value (1 April 2026 to present) - £9,100
65a - Council Tac Band - B
Epc - 65 - C (61)
65a - E (53)
Vat - The property is understood to be elected for VAT and therefore VAT is applicable.
Services - Prospective purchasers should make their own enquiries.
The property is understood to benefit from all services.
The shop unit and residential flats are understood to benefit from separately metered supplies. There is gas fired central heating to the residential flats.
Planning - The property is understood to benefit from planning consent for Use Classes E and C3 of the Town and Country Use Classes Order 1987.
Prospective purchasers should make their own enquiries.
Legal Costs - Each Party to be responsible for their own legal costs in respect of the transaction.
Local Authority - Telford and Wrekin Council, Southwater Square, St Quentin Gate, Telford, TF3 4EJ
Brochures
New Street, Wellington, Telford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wellington Station0.1 miles
- Oakengates Station2.9 miles
- Telford Central Station3.5 miles
About Halls Commercial, Shrewsbury
Bowmen Way, Battlefield, Shrewsbury, SY4 3DRIndustry affiliations:
Notes
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