Retail/Shop for sale Shrewsbury SY1 4EL,1048sq ft | Boxpod

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Retail/Shop

Retail/Shop For Sale Shrewsbury

PROPERTY ID: 128319

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

1,048 sq.ft

Key Features

Retail/residential income producing investment

Showing a Net Initial Yield of 9% (after allowing for normal purchasers costs)

Offered for sale freehold, subject to the existing occupational tenancies

Comprises two retail units and six flats

Property Details

The Property Comprises Of Two Lock Up Shop Units On The Ground Floor That Are Currently Arranged As One Lock Up 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.

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About the Agent

Halls Holdings Ltd

See Agent's Other Properties

Retail Unit

£178,800 Freehold

Whitchurch Road, Shrewsbury, SY1 4EL

Retail/Shop - Available
1,048 sq ft
97 sqm

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