Commercial Property
False
The property is situated in a central location within the heart of Whitchurch High Street which benefits from a good mix of local and national traders including the Co-Operative Bank, Barclays and Natwest.
Whitchurch is a popular, traditional, historic market town which lies within the heart of the County of Shropshire approximately 28 miles west of Stoke on Trent and 27 miles north of Telford. Access to the national motorway network is via the A41 and A525.
The property comprises a traditional brick built end terraced retail premises with a pitched tiled roof. Internally the property provides a generous retail area. The property also benefits from a storage area and WC facilities to the rear, whilst access to a further storage area at first floor level is made via a stairwell internally from the rear store room.
There is a self-contained first floor unmodernised flat with access from Pepper Street. We have not had access to this accommodation.
A Freehold Town Centre Retail Investment with a Self-Contained Flat to the First Floor
Rent Passing: £20,440
We understand that the property is Freehold and will be sold subject to the following tenancies.
Ground Floor & Part First Floor
Let by way of a 10 year Lease with effect from the 24th September 2010 with provision for a rent review at the end of the fifth year, at a rental of £18,000 per annum.
The first floor flat is let by way of a Regulated Tenancy at a rental of £2,444.04 per annum.
Copies of the Lease documentation will be available for inspection within the legal pack.
We understand that VAT will be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
