£360,000
(£43.26/sq. ft)
Retail premises for sale16-17 Broad Street, Welshpool, Montgomeryshire SY21
8,322 sq. ft
Freehold
About this property
Area - welshpool
Size - 8,322 sqft
Local Amenities - National Trust - Powis Castle and Garden (0.2 miles), Tesco Superstore (0.2. Miles), Canal Wharf (0.3 miles)
Property Type - freehold pharmacy investment
This prominent freehold investment comprises 773 sqm (8,322 sqft) spread across the ground floor and three upper floors. Ideally positioned in the thriving market town of Welshpool, the property is fully let to Boots, which has occupied the premises since 1932, reflecting its long-standing presence in the area.
Boots is currently on a five-year lease, which commenced in 2022, generating a rental income of £26,000 per annum, with the next rent review scheduled for 2027. The upper floors offer significant redevelopment potential, presenting an opportunity to enhance the property's value.
VAT is applicable to this property.
Boots is currently on a five-year lease, which commenced in 2022, generating a rental income of £26,000 per annum, with the next rent review scheduled for 2027. The upper floors offer significant redevelopment potential, presenting an opportunity to enhance the property's value.
VAT is applicable to this property.
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