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Agent's details

8-10 Tan Bank, TF1

For sale: £227,500.00|2,962 Sq Ft|Other, Office, Other Property Types & Opportunities, Offices

Property details

FOR SALE£227,500.00
SIZE2,962 Sq Ft
ADDRESS8-10 Tan Bank, Wellington, Telford, TF1 1HJ
TYPEOther, Office, Other Property Types & Opportunities, Offices
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON8th April 2024

Description

Key Points

  • Commercial investment
  • Provides a Total Net Internal Floor Area of approximately 2,962 ft sq (275.16 m sq)
  • Let to good covenant at a rent of £17,500 per annum
  • Prominently located fronting onto Tan Bank
  • Arranged in the main to provide office accommodation used for training purposes and welfare facilities
  • Glazed ground floor entrance
  • Summary

    COMMERCIAL INVESTMENT - Let to good covenant at a rent of £17,500 per annum, showing a Net Initial Yield of 7.5% after costs

    Description

    The property comprises of a two storey mid terraced property that is arranged to provide accommodation that is arranged in the main to provide office accommodation used for training purposes and welfare facilities. The property provides a Total Net Internal Floor Area of approximately 2,962 ft sq (275.16 m sq). The property is of traditional construction with a glazed ground floor entrance. The property has been occupied by the tenant as a training centre for nearly 10 years. An inspection of the property is recommended to appreciate the flexibility of the accommodation.

    Location

    The property is prominently located fronting onto Tan Bank in proximity to the junction of Tan Bank with Walker Street, Duke Street and Crown Street in the town centre of Wellington, close to all local amenities.

    The surrounding occupiers include Age Concern, Escape Hair and Beauty, Telford Music School, Tasty Centre and Pussycats Night Club. The property is located within proximity of various public car parks serving the town centre.

    Wellington is a market town in Telford and Wrekin. The town had a population of 25,554 at the 2011 census. The town has a railway station served by Avanti West Coast, Transport for Wales and West Midlands Trains. The town is located at the western terminus of the M54 motorway at Junction 7.

    The town is located approximately 4 miles north west of the town of Telford and approximately 12 miles east of Shrewsbury, the County Town of Shropshire. The town is located approximately 20 miles north west of the City of Wolverhampton and approximately 36 miles north west of the City of Birmingham.

    Location

    marker
    Location: 8-10 Tan Bank, Wellington, Telford, TF1 1HJ

    Wellington (Shropshire) (0.1 miles)

    Oakengates (2.9 miles)

    Telford Central (3.5 miles)

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