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AGENT'S DETAILS


MULTI-LET BUSINESS PARK *, Wem Business Park, Wem, Wem, Shropshire

For sale: £870,870.00|1.81 Acres|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£870,870.00
SIZE1.81 Acres
ADDRESSMULTI-LET BUSINESS PARK *, Wem Business Park, Wem, Wem, Shropshire
TYPEOther, Other Property Types & Opportunities
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON26th December 2020

DESCRIPTION

The property comprises of a long established 27 unit multi let business park sitting on a Site Area of approximately 1.811 acres (0.733 hectares). The Business Park is accessed from New Street and is arranged as a variety of two and single storey commercial and business units providing a Total Gross Internal Floor Area of approximately Total Gross Internal Floor Area of approximately 28,238 ft sq (2,623.14 m sq).

The property sits on a Total Site Area of approximately 1.811 acres (0.733 hectares) and has commercial/business units ranging from approximately 76 ft sq (7.03 m sq) to 2,957 ft sq (274.71 m sq). The units are of a variety of constructional types and there is significant asset management potential within the Business Park.

Externally the Business Park benefits from car parking and servicing via a variety of surfaced external areas.

The potential of the Business Park can only be appreciated by undertaking an inspection of the Business Park.

The property is situated in the town centre of Wem and the surrounding occupiers are in mixed use and there could be potential for alternative uses in the future, subject to statutory consents.

The property is owned under Property Title Number SL48762.

The property is located in the centre of the town of Wem and located just off New Street in an area of mixed development.

The estate is accessed via an estate road off New Street.

Wem is an established market town with all local amenities, including a railway station which runs on the Welsh Marches Line. The town had a population of approximately 6,100 people at the 2011 census. The town is located in proximity of the A49 trunk road that provides access to the national road network.

The town is located approximately 9 miles north of the County Town of Shrewsbury and approximately 9 miles north of the town of Whitchurch.

A rare opportunity to acquire a 27 multi-let business park in Shropshire

Multi let business park sitting on a site area of approximately 1.811 acres (0.733 hectares)

Located in the centre of the town of Wem

Significant Asset Management Potential

Development potential

Established business park with 27 units

Total Gross Internal Floor Area of approximately 28,238 ft sq (2,623.14 m sq)

Site area of approximately 1.811 acres (0.733 hectares)

Units ranging from approximately 76 ft sq (7.03 m sq) to 2,957 ft sq (274.71 m sq)

Current rent passing £74,656.64 per annum and Total Potential Rent £94,426.50 per annum
( Agency Pilot Software Ref: 48869 )

LOCATION

Location: MULTI-LET BUSINESS PARK *, Wem Business Park, Wem, Wem, Shropshire

Wem (0.3 miles)

Yorton (3.3 miles)

Prees (3.4 miles)

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