Occupying a prime location, this mixed use investment opportunity offers a multitude of possibilities. Currently retail unit (previously rented at £550.00 per calendar month) trades as a convenience store/off licence (business not for sale). Whilst at first floor level is a recently refurbished flat currently offered with vacant possession (previously rented at £450.00 per calendar month). Whilst to the rear is a self contained suite of workshops with yard and Garage currently let on a rolling contract at £650.00 per calendar month. Potential Income is therefore in the region of £19,000.00 per annum. Thus giving a yield of approximately 11.5 % based upon Guide Price.
Purchasers will be left with various options and therefore viewing of this flexible opportunity is recommended.-
The property comprises:-
See Legal Pack
Ground Floor Retail Shop
Retail Area: 51.5 sq m with additional store rooms.
Self Contained First Floor Flat
With gas central heating and double glazing. Lounge 4.68m x 4.62m, Recently Re-fitted Kitchen 3.64m x 3.27m, Bedroom One 4.28m x 4.25m, Bedroom Two 3.1m x 2.66m, Recently Re-fitted Bathroom with white suite 2.78m x 2.1m, Two Store Rooms and Utility Room.
Rear Commercial Workshops
Door leads to Entrance Hall with access to office 4.05m x 2.14m, Workshop One 5m x 5.5m, Workshop Two 7.51m x 9.19m. Main Workshop 15.23m x 6.8m, roller shutter door leads to semi enclosed yard with double gated access. Separate brick Garage 6.24m x 3.66m
There are two hoardings on the side of the building for which a rent is received of £265.00 per quarter.
Viewing strictly by appointment through the Auctioneers on 0121 289 3838
Energy Efficiency Rating (EPC)
Current Rating E
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Investor opportunity - The freehold sale of 10 to 13 (inc) Southfield subject to the leasehold interest of 10 to 13 Southfield. Plus the freehold sale of garages 1 to 12 (inc) - Ten tenanted garages each paying £8.53 per week, one vacant garage, one garage forming part of the leasehold title.
Freehold sale 10 - 13 (inc) Leasehold interest 10 - 13 (inc) Freehold sale garages 1 - 12 (inc) 10 Tenanted, one vacant, one part of Leasehold title
The seller is a registered social landlord and is therefore prohibited from selling a property to anyone who is an employee or director of the seller, or was in the last 12 months an employee or director, or is a close relative of such a person or a agent on their behalf.
Telford and Wrekin Borough Council
Penny Mincher, The Wrekin Housing Trust Limited, Colliers Way, Old Park, Telford, TF3 4AW, Tel: 01952 217057
Administration Charge - £714 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Freehold Sale 10 to 13 Inc And Garages 1 to 12 Inc, Sutton Hill, Southfield, Telford, TF7 4HP
Freehold Sale 10 to 13 Inc And Garages 1 to 12 Inc, Sutton Hill Southfield, Telford, TF7 4HPGBTelfordShropshireTF7 4HPFreehold Sale 10 to 13 Inc And Garages 1 to 12 Inc, Sutton Hill, Southfield