£175,000
(£85.74/sq. ft)
Retail premises for sale30 Cheshire Street And, 7 Queen Street, Market Drayton, Shropshire TF9
2,041 sq. ft
About this property
Two adjoining retail premises (back to back)
Rental income £16,200 pax
Reduced asking price
An opportunity to acquire a sizeable town centre retail investment comprising two attractive looking shops, which are positioned back to back with a private pedestrian walkway between affording access to each building directly off Queen Street.
30 Cheshire Street is a Grade II Listed Building arranged over three stories, providing retail/sales area on the ground floor and ancillary accommodation above. It is currently occupied by a Barbers Shop.
7 Queen Street is a two-storey retail premises, which is currently utilised as a beauty salon and provides beauty rooms on both floors with the main reception located on the ground floor.
Outside, there is a small yard/bin store between the two properties, which is shared by the occupiers of both buildings.
Location
The properties are located in a town centre location within the North Shropshire market town of Market Drayton. The town has a population of circa 12,000 and lies approximately 20 miles northeast of Shrewsbury, 14 miles southwest of Newcastle-under-Lyme and 22 miles north of Telford.
30 Cheshire Street fronts onto the main retail area of Cheshire Street opposite Costa Coffee and close to wh Smith, Savers and Greggs. 7 Queen Street fronts onto Queen Street, which runs parallel to Cheshire Street to the rear.
Planning
We understand the property has planning permission for uses within Class E of the Town & Country Planning (Use Classes) Order 1987 (as amended).
Tenure
Freehold. The property is available to purchase freehold subject to the existing tenancies - please see marketing brochure for full details.
Local Authority
Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6nd - Tel: Rateable value
According to the Valuation Office Agency website the rateable value of the property in the 2023 rating list is: 30 Cheshire Street £9,800 and 7 Queen Street £4,100.
Energy Performance Certificate
7 Queen Street has an energy rating of E(110). Awaiting EPC for 30 Cheshire Street (applied for).
30 Cheshire Street is a Grade II Listed Building arranged over three stories, providing retail/sales area on the ground floor and ancillary accommodation above. It is currently occupied by a Barbers Shop.
7 Queen Street is a two-storey retail premises, which is currently utilised as a beauty salon and provides beauty rooms on both floors with the main reception located on the ground floor.
Outside, there is a small yard/bin store between the two properties, which is shared by the occupiers of both buildings.
Location
The properties are located in a town centre location within the North Shropshire market town of Market Drayton. The town has a population of circa 12,000 and lies approximately 20 miles northeast of Shrewsbury, 14 miles southwest of Newcastle-under-Lyme and 22 miles north of Telford.
30 Cheshire Street fronts onto the main retail area of Cheshire Street opposite Costa Coffee and close to wh Smith, Savers and Greggs. 7 Queen Street fronts onto Queen Street, which runs parallel to Cheshire Street to the rear.
Planning
We understand the property has planning permission for uses within Class E of the Town & Country Planning (Use Classes) Order 1987 (as amended).
Tenure
Freehold. The property is available to purchase freehold subject to the existing tenancies - please see marketing brochure for full details.
Local Authority
Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6nd - Tel: Rateable value
According to the Valuation Office Agency website the rateable value of the property in the 2023 rating list is: 30 Cheshire Street £9,800 and 7 Queen Street £4,100.
Energy Performance Certificate
7 Queen Street has an energy rating of E(110). Awaiting EPC for 30 Cheshire Street (applied for).
Mortgage calculator
Monthly repayment
£875 per month
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