1, 1A & 3 High Street, SY13

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Key Points

Summary

Prominent income generating investment opportunity

Description

The property comprises of three prominently located lock up shop units that is arranged over the ground and first floor. The properties provide a rental yield of 7.84% after usual allowing for normal purchaser’s costs.
The property is arranged to provide a fully income producing investment with further asset management potential arranged as three High Street lock up shop units with a shared service area to the rear.
1 High Street provides a Total Internal Floor Area of approximately 169 ft sq (15.68 m sq), 1A High Street provides a Total Internal Floor Area of approximately 765 ft sq (71.1 m sq) and 3 High Street provides a Total Internal Floor Area of approximately 911 ft sq (84.65 m sq). The shop units benefit from separate toilet and welfare facilities and are of traditional construction with glazed shop frontages.
The property provides an ideal spread risk investment for a private individual or property company.

Location

The property is prominently located at the junction of High Street and Watergate in the centre of the sought after town of Whitchurch. The property is located in the established prime retail location within the retail hierarchy serving the town centre with surrounding occupiers including MOO and BOOM, Severn Hospice and Boots.

Whitchurch is a market town in the north of Shropshire, England. It lies 2 miles (3 km) east of the Welsh border, 2 miles south of the Cheshire border, 20 miles (30 km) north of the county town of Shrewsbury, 20 miles (30 km) south of Chester, and 15 miles (24 km) east of Wrexham. At the 2021 census, the population of the Whitchurch Urban parish was 10,141, and the population of the Whitchurch built up area was 9,855. Whitchurch is the oldest continuously inhabited town in Shropshire.[3] Notable people who have lived in Whitchurch include the composer Sir Edward German, and illustrator Randolph Caldecott.

Availability_text

The accommodation comprises the following areas:

Tenure

The property is held under Title Number SL692694 and is for sale on a freehold basis, subject to the following occupational leases:-
1 High Street - Karen Davies - £5,250p.a. - 6 Year Term from 03.09.2013 on Tenants Full Repairing and Insuring terms.
1a High Street - Oasis Communication Services Limited - £6,000 p.a. - 5 year term from 16.03.2021 on Tenants Full Repairing and Insuring terms.
3 High Street - Richard and Rachel Cartwright - £19,625 p.a. - 6 year term from 02.09.2024 on Tenants Full Repairing and Insuring terms.

Further details are available from the agents.

Planning

Interested parties should make their own enquiries. The property is understood to benefit from planning for retail use falling within Use Class E.

Services

(Not tested at the time of our inspection.)
We understand that mains water drainage and electricity are connected to the property.