Retail premises for sale in 17 Market Square, Wellington, Telford, Shropshire TF1

£200,000 (£93.63/sq. ft)
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Retail premises for sale

2,136 sq. ft*

Property features

  • Grade II listed building 2,135 sq ft
  • Occupied by 'The Orange House'
  • Rental income of £12,000 pa

Property description

The property comprises a mid-terraced, three-storey commercial building, which is currently occupied by 'The Orange House' as a popular tapas restaurant and bar.
The Grade II listed building was constructed in circa 1840 of solid red brick construction with stuccoed dresses and surmounted by a pitched roof with parapet surround.
The accommodation is arranged over three floors with a glazed shop frontage at ground floor level overlooking the pedestrianised Market Square. It offers an open plan dining area with bar and service counter, together with kitchens/preparatory area to the rear. There is an additional dining area and and toilet facilities on the first floor, together with ancillary space on the second floor.

Location
The property is located in the historic market town of Wellington approximately 5 miles from the commercial centre of Telford via the M54 motorway and within 13 miles of the county town of Shrewsbury.
The property itself occupies a prominent position on Market Square within the central business district of the town, which offers both convenience and destination shopping, complemented by a thriving indoor market. The Square has a pedestrianized retail core, which is home to a variety of retail users including Greggs and Timpsons, and enjoys excellent passing trade. The subject property immediately adjoins the Severn Hospice.
Significant regeneration has taken place in the Walker Street area of Wellington in recent years as part of the Local Authority initiative, including the development of Wellington Town Council's administrative headquarters.

Planning
We understand the property has planning permission for Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended).

Tenure
Freehold Investment: The property is available to purchase freehold with the benefit of the existing tenancy to The Orange House.

Local Authority
Telford & Wrekin Council, Darby House, Lawn Central, Telford, TF3 4JA - Tel:

Rateable value
According to the Valuation Office Agency website the rateable value of the property in the 2023 rating list is £19,000.

Energy Performance Certificate
The property has an Energy Rating of c-75.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Andrew Dixon and Co, TF2 on +44 1952 476852 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Andrew Dixon and Co, and do not constitute property particulars. Please contact Andrew Dixon and Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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