Investment Consideration:
Vacant possession
ERV: £30,000 p.a. GIY: 7.50%
VAT is NOT applicable to this property
Comprises large public house with restaurant and beer garden
Function room and 10 letting rooms
Upper parts benefit from self-contained access at front
Total area size: 756 sq m (8,147 sq ft)
Residential development potential, subject to obtaining planning
Situated in the hear of the town centre within 0.1 miles from Wellington Train Station and occupiers nearby including Post Office, Convenience Store, Restaurants and more.
Property Description:
Comprises large public house with bar and restaurant area, function room, full commercial kitchen, large beer garden at rear and 10 letting rooms, providing the following accommodation and dimensions:
Ground Floor: 390 sq m (4,207 sq ft)
Bar, Pool Area, Kitchen, Storage
First Floor: 172 sq m (1,850 sq ft)
Kitchen, Office, 3 Rooms, Customer WCs
Second Floor: 130 sq m (1,400 sq ft)
9 Rooms, Kitchen, Shower Room and former WC
Basement: 64 sq m (690 sq ft)
Cellar (Height Restricted)
Total area size: 756 sq m (8,147 sq ft)
*Residential development potential subject to obtaining the necessary consents.
Location:
Wellington forms part of the new town of Telford, located north of the M54 Motorway and being approx. 10 miles east of Shrewsbury and 20 miles north-west of Wolverhampton. The property is located in the heart of the town centre within short walk to Wellington Train Station and occupiers nearby including Post Office, Convenience Store, Restaurants, Takeaway`s and more.
