£160,000
(£152.67/sq. ft)
Retail premises for saleInvestment For Sale, 202 & 204 Whitchurch Road, Shrewsbury, Shropshire SY1
1,048 sq. ft
Just added
Available immediately
About this property
Investment for sale
Investment opportunity (existing business unaffected)
2 shops, 6 flats
Retail/residential income producing investment
9.81% niy (price - £160,000)
Description
The property comprises of two lock up shop units on the ground floor that are currently arranged as one lock shop unit with 6 residential flats above that have all been sold off on long leases and a service delivery area. The residential flats are sold off on long leasehold tenures and each flat is liable to pay a ground rent of £75 per annum currently. The property comprises of an opportunity to acquire a commercial retail investment with additional income generated from the ground rents from the flats that are sold off on long leases.
The ground floor lock up shop unit provides two shop units, Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet and Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet .
The shop unit has a glazed return glazed frontage. The property is three storey and of concrete framework with brick infill panels under a flat roof cover.
Offers in the region of £160,000 (exclusive) showing a Net Initial Yield of 9.81% (after allowing for normal purchasers costs.
Investment for sale
Investment opportunity (existing business unaffected)
2 shops, 6 flats
Retail/residential income producing investment
9.81% niy (price - £160,000)
The property comprises of two lock up shop units on the ground floor that are currently arranged as one lock shop unit with 6 residential flats above that have all been sold off on long leases and a service delivery area. The residential flats are sold off on long leasehold tenures and each flat is liable to pay a ground rent of £75 per annum currently. The property comprises of an opportunity to acquire a commercial retail investment with additional income generated from the ground rents from the flats that are sold off on long leases.
The ground floor lock up shop unit provides two shop units, Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet and Unit 202 Whitchurch Road provides a Total Net Internal Floor Area of approximately 524 ft sq (48.68 m sq) with a toilet .
The shop unit has a glazed return glazed frontage. The property is three storey and of concrete framework with brick infill panels under a flat roof cover.
Offers in the region of £160,000 (exclusive) showing a Net Initial Yield of 9.81% (after allowing for normal purchasers costs.
Investment for sale
Investment opportunity (existing business unaffected)
2 shops, 6 flats
Retail/residential income producing investment
9.81% niy (price - £160,000)
Mortgage calculator
Monthly repayment
£800 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}