For Sale - 51 & 51B High Street, Wellington, Telford, TF1 1JT

£139,000

Property Summary

Property Description

Town Centre Location Retail Tenanted investment opportunity Combined income of £9,000 per annum Shop extends to approximately 55 sq m (595 sq ft) EPC Rating D 92

Property Full Details

LOCATION
Wellington is a historic Market Town and the largest district centre within the borough of Telford & Wrekin and forming part of Telford. Wellington is located approximately 5 miles west of Telford Town Centre and approximately 1.5 miles distant from junctions 6 and 7 of the M54 motorway. The property is situated in close proximity to other retailers in the town including Wilkinson’s, Greggs, Timpson’s, Holland & Barrett, Halifax, Barclays and HSBC.

The subject property is of brick construction under a clay tiled roof.

DESCRIPTION
51 comprises a ground floor convenience store let on a 3 year lease from March 2015 paying a rent of £6,480 per annum exclusive.

51B comprises a first floor one bedroom flat and the tenant is due to vacate in July.

ACCOMMODATION
Ground Floor
Retail area 48.25 sq m (519 sq ft)
Store 7.06 sq m (76 sq ft)
WC NA

Total NIA 55.31 sq m (595 sq ft)

First Floor

SERVICES
We understand that mains water, electricity and drainage services are connected or capable of being connected to the property. Interested parties should make their own enquiries with the appropriate suppliers regarding any connection arrangements.

OUTGOINGS
Planning
Interested parties are advised to make their own enquiries of the local planning authority in relation to their proposed use for the property.

Business Rates
We understand from the Valuation Office Agency website that the premises have a rateable value of £4,150 on the 2010 listing.

VAT
We understand that the Vendor has elected not to charge VAT on the sale.

VIEWING
Strictly by prior appointment with the sole agent, Barbers:
David Lowe
Mob: 07814 002 791
Tel: 01952 221 220
Email: commercial@barbers-online.co.uk

1 Church Street
Wellington
Telford
Shropshire
TF1 1DD