For Sale - 43 Broadway, Shifnal, Telford, TF11 8BB

£225,000

Property Summary

Property Description

TOWN CENTRE RETAIL INVESTMENT Accommodation over two floors Freehold tenure Annual income of £11,400 increasing to £12,500 pa in December 2015 Retail use comprising professional hair salon and treatment rooms EPC Rating C65

Property Full Details

LOCATION
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.

DESCRIPTION
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.

ACCOMMODATION
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)

SERVICES
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.

TERMS
The property is let on a tenants full repairing and insuring lease granted for a term commencing on 9th May 2014 and expiring on 19th December 2018. The rent passing is £11,400 per annum exclusive increasing to £12,500 per annum exclusive from 19th December 2015. The lease contains a tenant only break effective on the 20th December 2016 subject to a break premium of £2,200.

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.

OUTGOINGS
We understand from the Valuation Office Agency Website that the ground and first floors are assessed on the 2010 list as follows: Ground floor rateable value is £5,300; First floor rateable value is £2,850.

VAT
All prices in these particulars are subject to VAT at the standard rate where applicable.

PLANNING
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.

OTHER
Barbers also:
-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

VIEWING
Contact Barbers:
David Lowe BSc (Hons) MRICS
Mob: 07814 002791
Tel: 01952 221220
Email: d.lowe@barbers-online.co.uk
1 Church Street
Wellington
Telford
Shropshire
TF1 1DD