4 Church Street

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Key Points

Summary

A retail/residential investment in Welshpool comprising of two storey restaurant premises with 3 flats to the rear and upper floors

Description

INVESTMENT SUMMARY 1.The property is located in the centre of the sought after town or Welshpool 2.The retail property is let on internal repairing and insuring terms to include the shopfront. The tenant is holding over on their lease on a passing rent of £9,200 per annum 3.The property benefits from A4 planning consent 4.The property comprises three self contained one/2 bedroom apartment/studios 5.Secure rental income of £21,920 per annum The property comprises a 4 storey listed town centre retail property with upper parts and a rear extension. Currently the ground and first floors are occupied by a restaurant while the upper parts and rear extension are converted into living accommodation comprising of one 1 bedroom studio with its own external staircase access and one 1 bedroom and one 2 bedroom apartments above the main building. The flats have separate access from the restaurant. The property is of traditional brick construction under a tiled roof.

Location

The property is located fronting onto Church Street, which is just off Broad Street. Other occupiers include Polka Dot, Jonathon Partridge Eye Care Centre, Poppy's Flower Shop, Bay Tree Tea Room and NFU mutual.

Welshpool is a town in Wales located 4 miles from the England/Wales boarder. The town is listed as having a population of 6,664 in the 2011 census.

Church Street is just off the main high street pitch which has various occupiers such as NFU mutual, Johnathon Partridge Eye Centre, Polka Dot Travel and The Bay Tree Tea Room. There is short on street parking nearby, together with a number of public car parks. Welshpool railway station is a short distance away. Welshpool has good travel links, Newtown (14 miles), Oswestry (16 miles) and Shrewsbury (22 miles) .

Property Available From

29-Jun-2021