Retail/Shop for sale Oswestry SY11 2SP,5584sq ft

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Retail/Shop

Retail/Shop For Sale Oswestry

PROPERTY ID: 129329

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

5,584 sq.ft

Key Features

Prominently located well presented restaurant investment for sale.

Located in the town centre of Oswestry

Let on overriding lease to Prezzo Trading Limited with 9 years unexpired lease term

Future asset management opportunity as the property comprises of a restaurant with 3 residential flats above

Property Details

The Subject Property Comprises Of A Prominently Located Attractive Mid Terraced Property That Is Arranged To Provide A Prezzo Restaurant On The Ground Floor And Part Of The First Floor And Three Residential Flats Accessed From A Self Contained Ground Floor Entrance That Are Arranged Over Part Of The First Floor And The Second Floor Of The Property. All The Property Is Let On An Overriding Occupational Lease To Prezzo Trading Limited And Provides A Very Attractive Property Investment. The Mid Terraced Property Is Of Traditional Construction Being Of Brick Construction Under A Slate Roof Cover With A Fully Glazed Shop Front To The Restaurant. The Property On The Ground Floor And Part Of The First Floor Provide An Approximately 130 Cover Restaurant With An Open Plan Kitchen Area And Ancillary Accommodation Arranged On The Ground Floor. The Property Has A Total Net Sales Area Of Approximately 3,050-ft Sq (283.33 M Sq) And Is Fitted Out To A High Standard And Viewing Of The Property Is Highly Recommended. The First Floor Of The Property Provides Ladies And Gents Toilet Facilities For The Restaurant And An Office And Staffroom And A Private Toilet For Staff In The Restaurant. The Restaurant Has Access Directly From Church Street And There Is Delivery Access To The Rear Of The Property Via An Access Road That Runs Round The Boundaries Of Ownership Of The Property. The Residential Accommodation Above The Property Is Accessed From A Self Contained Ground Floor Entrance And Stairwell Off Church Street. There Are Two Flats Being Flat 1 And 2 Arranged Over The First Floor And At Second Floor Level There Is Flat 3 Which Provides 2 Bedroomed Accommodation Along With A Store Room Across The Landing Area. The Property Offers An Attractive Property Investment That Is All Let To Prezzo Trading Limited On Full Repairing And Insuring Terms With An Unexpired Lease Term Of Approximately 9 Years. The Property Due To Its Size And Configuration Offers An Asset Management Opportunity In The Future With The Opportunity To Let Out The Restaurant/shop Unit Separately And The Three Flats Separately Or Sell Them Off On Long Leases. The True Potential Of The Property Can Only Be Appreciated By Undertaking An Internal Inspection Of The Property. The Property Is Owned Under Title Number Sl44864.

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About the Agent

Halls Holdings Ltd

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Retail Unit

£7,045,007 Freehold

30 Church Street, Oswestry, SY11 2SP

Retail/Shop - Available
5,584 sq ft
519 sqm

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