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Agent's details

Wellington, 8 Walker Street, TF1 1BE - INVESTMENT FOR SALE

For sale: £220,000.00|1,840 - 3,291 Sq Ft|Land, Retail, Commercial Land

Property details

FOR SALE£220,000.00
SIZE1,840 - 3,291 Sq Ft
ADDRESS 8 , Walker Street, Telford, TF1 1BE
TYPELand, Retail, Commercial Land
TENUREFor Sale Freehold
POSTED ON12th April 2024

Description

Location
The historic market town of Wellington is 3 miles north-west of Telford and 12 miles east of Shrewsbury.

Tenure
The Property is let on a lease to TSB Bank PLC from 12th September 2023 to 11th September 2033 at a rent of £20,000. The lease is subject to tenant only break options on 12th September 2028 and 12th September 2030.

Accommodation
Ground Floor Retail Sales Area 1840 ft2
Ground Floor Ancillary 355 ft2
1st Floor 1096 ft2

Rates
Rateable Value £35,750

Rent
£20,000 p.a.

Purchase Price
£220,000 (VAT not applicable)

Gross Yield
9%

Legal Costs
Each Party to pay their own legal costs

Viewing
Strictly through landlords agents, please contact 01572 822791 for further information.

Location

marker
Location: 8 , Walker Street, Telford, TF1 1BE

Wellington (Shropshire) (0.1 miles)

Oakengates (2.9 miles)

Telford Central (3.5 miles)

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