Cheshire Street, Market Drayton

79-81 Cheshire Street is a mixed use investment opportunity offering a net yield of 8.17% after normal purchasers fees.

The property comprises of two commercial units and five residential apartments, there is also a derelict outbuilding and a car park with barrier entry, the site extends to approximately 0.31 acres (0.12 hectares).

The property offers future asset management potential.

Alternatively the property offers development opportunities such as a Public House or Hotel (subject to consents).

The property is located fronting onto Cheshire Street in the centre of the town of Market Drayton, surrounding occupiers include JD Wetherspoons, Oxfam and the Market Drayton Banking Hub.

Market Drayton is an established market town in North Shropshire with a population of about 10,000 people. The town is located approximately 20 miles from the County Town of Shrewsbury and approximately 22 miles from the town of Telford and approximately 17 miles from the city of Stoke. Market Drayton benefits from good connectivity to the national road network.

ALL MEASUREMENTS ARE APPROXIATE


79 Cheshire Street

Total Gross Internal Floor Area

3,649 sq ft | 339 m sq


81 Cheshire Street

Total Gross Internal Floor Area

947 sq ft | 88 m sq

Price - £750,000 (exclusive)

Tenue - The property is held under Title Numbers SL131376 and SL67658 and will be sold with vacant possession subject to the Tenancy Schedule below.

Tenancy Schedule - Front of 79 Cheshire Street - The Hideout - Holding Over - £7,020 per annum
Rear of 79 Cheshire Street - Roy's Den Cage - Holding Over - £9,420 per annum
81 Cheshire Street - Blessed Beauty - Holding Over - £7,800 per annum (including £600 per annum for a parking space)
Flat 1, 79 Cheshire Street - Assured Periodic Tenancy - £7,200 per annum
Flat 4, 79 Cheshire Street - Assured Periodic Tenancy - £8,400 per annum
Flat 6, 79 Cheshire Street - Assured Periodic Tenancy - £6,600 per annum
Flat 7, 79 Cheshire Street - Assured Periodic Tenancy - £6,600 per annum (including £600 per annum for a parking space)
Flat, 81 Cheshire Street - Assured Periodic Tenancy - £8,400 per annum (including £600 per annum for a parking space)
Parking Spaces 1&2 - £1,140 per annum
Parking Spaces 3&4 - £1,200 per annum
Parking Space 5 - £600 per annum

Vat - It is understood that the property is not elected for VAT, therefore VAT will not be payable on the purchase.

Epc - 79 Cheshire Street - D (77)
81 Cheshire Street - C (69)

Rateable Value / Council Tax - Commercial

Front of 79 Cheshire Street - Current rateable value (1 April 2026 to present) £12,250
Rear of 79 Cheshire Street - Current rateable value (1 April 2026 to present) £6,700
81 Cheshire Street - Current rateable value (1 April 2026 to present) £5,300

Residential
Flat 1, 79 Cheshire Street - A
Flat 4, 79 Cheshire Street - A
Flat 6, 79 Cheshire Street - A
Flat 7, 79 Cheshire Street - A
Flat, 81 Cheshire Street - A

Services - (Not tested at the time of the inspection)

Purchasers should rely on their own enquires.

The property is understood to be connected to all mains services.

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

Planning - Prospective Tenants are to make their own enquiries.

The premises are understood to benefit from planning consent for Use Class E and C3 of the Town and Country Use Classes Order 1987

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