For Sale - 49 & 49A and 51 & 51B High Street, Wellington, Telford, TF1 1JT


Property Summary

Property Description

•Town Centre Location •Retail and Residential Tenanted investment opportunity •Combined commercial and residential income of £20,280 per annum •Two Shops and Two Flats

Property Full Details

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, Clarks, B & M, Halifax, and Barclays.

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

No. 49 comprises a ground floor hairdressers let on a 3 year lease from October 2014 paying a rent of £4,800 per annum exclusive.

No. 49A comprises a first floor one bedroom flat let at £375 per calendar month.

No. 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.

No. 51B comprises a first floor one bedroom flat let at £375 per calendar month.

Ground Floor no. 49
Retail area 30.02 sq m (323 sq ft)
Store 6.68 sq m (72 sq ft)

Total NIA 55.31 sq m (595 sq ft)

First Floor

Ground Floor no. 51
Retail area 48.25 sq m (519 sq ft)
Store 7.06 sq m (76 sq ft)

Total NIA 55.31 sq m (595 sq ft)

First Floor

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.

The properties are offered for sale Freehold.

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

We understand from the Valuation Office Agency website that the premises have a rateable value on the 2017 listing as follows:
No. 49 - £4,050
No. 51 - £6,000

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

Each party is to be responsible for their own legal costs in connection with the letting.

DISCLAIMER PROPERTY DETAILS For clarification we wish to inform prospective purchasers that we have prepared these sales details as a general guide. We have not carried out a detailed survey nor tested the services, appliances, and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate.

AML REGULATIONS To ensure compliance with the latest Anti Money Laundering regulations all intending purchasers will be asked to produce identification documents prior to the issue of sale confirmation.

Strictly by prior appointment with the sole agent, Barbers:
David Lowe
Mob: 07814 002 791
Tel: 01952 221 220

1 Church Street