Property Full Details
The property is prominently situated fronting onto Broadway in the Shropshire Market Town of Shifnal.
Shifnal is a popular Market Town with a population of approximately 8,000 people with a mix of local and regional retailers, high street Banks and a wide range of Restaurants. Telford is situated approximately 3 miles distant with Wolverhampton approximately 14.5 miles distant.
Shifnal railway station is situated on the commutable Birmingham to Shrewsbury line.
The premises comprise an imposing two storey period building with double bay frontage onto Broadway. The premises feature a modern hair salon, treatments rooms, kitchen and WC. Access to the first floor is both internal and external.
To the rear there is a car-park accessed over a shared communal road with part of the car park included in the freehold title of the property.
The approximate Net Internal Areas are as follows:
Ground Floor 80.12 sq m (863 sq ft)
First Floor 44.98 sq m (484 sq ft)
Mains water, electricity, gas and drainage are capable of being connected to the property. Barbers have not tested any apparatus, equipment, fittings etc. or services to the property so cannot confirm that they are in working order or fit for their purpose. Any interested party is recommended to obtain a confirmation from their Surveyor or Solicitor.
The property is let on a tenants full repairing and insuring lease granted for a term commencing 20th December 2018 expiring 19th December 2028. The annual rent is £15,000 exclusive. There is a tenant break in December 2023 on the fifth anniversary of the lease. There is a rent review on 20th December 2023 to the annual rent or if greater the open market rent or if greater £16,000 per annum exclusive.
Right of Way
We are advised that there is a vehicular and pedestrian right of way access across the property to the land situated at the far rear. Interested parties should make their own enquiries.
We understand from the Valuation Office Agency Website that the ground and first floors are assessed on the 2017 list as follows: Ground floor rateable value is £7,900; First floor rateable value is £3,800.
All prices in these particulars are subject to VAT at the standard rate where applicable.
We understand that the property has planning consent for retail use within Class A1 of the Town & Country Planning (Use Classes) Order 1987. We are advised by the owner that the property is Grade II Listed.
-Sell, let and acquire commercial property
-Manage commercial property
-Carry out Schedules of Condition and Dilapidations
-Carry out Red Book Valuations for Inheritance Tax, Capital Gains, Pension Funds and Accounting purposes
If you have any queries or would like some advice, please do not hesitate to contact us
David Lowe BSc (Hons) MRICS
Mob: 07814 002791
Tel: 01952 221220
1 Church Street