Mixed Use Commercial and Residential Freehold Investment Opportunity
Current Total Income £12,000 per annum
Estimated Total Income Fully Let Retail & Residential: £27,000 per annum
Includes 3 Bed Apartment (garages/garden) and 3 Retail Units
Scope For Redevelopment
The investment comprises a site including a main building which consists of a spacious and well presented first and second floor, 3 bedroom self-contained apartment with garages and garden, together with 2 retail units on the ground floor and storage building at the rear. There is also a third self contained retail unit on the site.
The apartment, accessed via staircase at the rear of the main building, includes kitchen, utility, living room and dining room at first floor and three large double bedrooms and family bathroom at second floor. There are excellent views to Holly Trinity Church, Minsterley Brook and The Stiperstones, a National Nature
Reserve, Site of Special Scientific Interest and part of the Shropshire Hills Area of Outstanding Natural Beauty.
On the ground floor, there are two self contained retails unit. A butcher shop, let to let to a sole trader on a tenants internal repairing and insuring basis, for a term of 2 years expiring on 1 July 2020, and at a rent of £4,800pa. The second retail unit, a former post office, is vacant with the estimated rental value being £6,400 per annum.
On the other side of the accessway into the site, there is a third retail unit consisting of a single storey,
detached building. It is currently occupied as a takeaway and let to a sole trader trading as LIttle Efes, on tenants full repairing and insuring terms, for a term of 15 years to expire on 26 June 2023. The passing rent is £7,200 per annum.
Further external accommodation comprises a vacant single storey storeroom with gas central heating and attached w.c. and wash hand basin.
There is potential to covert the vacant former post office to residential use, subject to planning.
The properties occupy a prominent position in the centre of the village of Minsterley, adjacent to the
The property is well situated with links to the A49, A5 and A458, giving good access to Shrewsbury (10 miles), Ludlow (30 miles) and Welshpool (15 miles).
The area is a popular destination for tourists, being on the edge of the the Shropshire Hills Area of
Outstanding Natural Beauty.
Minsterley has a population of 1,777 (2011 census). Shrewsbury is the county town of Shropshire, with a population of circa 100,000.