Withdrawn
- Retail Property (high street)
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Commercial Investment Producing £7,000 Per Annum (Rising to £14,000 in 2024). Potential to Convert Upper Floors to Residential (Subject to Obtaining all Relevant Consents)
The property comprises a ground floor shop situated within a mid terrace building arranged over ground and two upper floors.
Tenure
Freehold
Location
The property is situated on a Oswestry close to local shops and amenities. The open spaces of Cae Glas Park are within easy reach. Transport links are provided by the A5.
Accommodation
Ground Floor Retail Unit (GIA: 86.8 sq m / 935 sq ft) First Floor Ancillary (GIA: 87.6 sq m / 943 sq ft) Second Floor Ancillary (GIA: 22.6 sq m / 244 sq ft) Shower/WC
Planning
The property previously had planning permission for the 'Conversion of first and second floors to 3no flats'. Reference: 18/01055/FUL. Now Lapsed.
Tenancy
The property is let on a 10 year FRI lease to The Tech Heroes Limited from 10th August 2022 at a rent of £583 per calendar month (rising to £1,166 per calendar month in February 2024). Break Clause 10th August 2027.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
