Bank House, 62, 64 & 66, High Street, Dawley, Telford, TF4 2EX

Description
The Freehold former bank property [Title No: SL210386] is a fully let mixed use premises comprising, basement, retail & offices, located at the southern end of Dawley High Street in Telford.
The property comprises three separately addressed and potentially distinct retail areas at ground floor, with rear access for goods and stairwells accessed internally and externally. The building structurally provides a number of future reconfiguration options.

Location
Dawley benefits from excellent public transport links and free carparking. Near-future plans centre on major housing development, new crossings, and continued public-realm upgrades. There is a 212-home redevelopment with allotments and play areas planned for sites nearby. Dawley is seen as a key community in Telford by the Council with strong heritage and ongoing regeneration potential.

Viewings
VIEWING STRICTLY BY APPOINTMENT ONLY

Terms
Offers are invited in excess of £325,000.00
(7.7% ARY before costs and RPI/Min increase Reviews improving
to a minimum of 8.62% ARY before costs in May 2028)

Tenants - Part Ground Floor
Part Ground floor (66) retail area, basement and upper floors (above 62-66) are let as follows:

Tenant: Retro Leisure Midlands Ltd (Company No 10503405 – Experian Rating 52/100)

Term: 10 year effective fully repairing and insuring lease dated 22nd December 2023 (Contracted Out).

Rent Payable: £10,000.00 pa (£3.33 psf) with Index linked Rent Reviews (December 2026/29/32) and Tenant breaks 2029/32.

EPC: E-112 Certificate valid to 2031

Utilities, Insurance, Service Charge, Maintenance (Subject to a Schedule of Condition), and Business Rates are payable in addition by the occupier.

Tenants - Ground Floor
The Ground floor retail area (62/64) is let as follows:

Tenant: Private Individual t/a Sweetcheeks

Term: 5 year effective fully repairing and insuring lease dated 23rd July 2025 (Contracted Out).

Rent Payable: £15,000.00 pa (£12.25 psf) with minimum Review to £18,000 in 2028.

Utilities, Insurance, Service Charge, Maintenance and Business Rates are payable in addition by the occupier.

EPC: B-45 Certificate valid to 2036.