Retail premises for sale

Leg Street, Oswestry SY11

Location


Oswestry, Shropshire’s third largest town, with a former Borough population of approximately 33,0000, and town population of approximately 17,500, has a wealth of character and facilities to offer. There are a range of multiple retailers in the town, to include Boots, Superdrug, W H Smith, Poundland, Peacocks, Prezzo, Home Bargains, Costa, Greggs and others, together with operating banks.

This location is extremely central, being on the one way traffic thoroughfare of Leg Street, and close to a number of local businesses to include restaurants, public houses and other independent retailers. The main pedestrianised area is only a short walk away, with many national retails such as Home Bargains, Sports Direct, Superdrug, Shoe Zone, Poundland, wh Smith, Boots, Peacocks and many others.
Description


Building with lock up premises at ground with rear access, and independent first floor apartment which is accessed from the front, but again with rear access for bin storage.

10 Leg Street – Ground Floor Shop

Shop front with plate glass, and internal width of 14’10”/ 4.53m
Sales Depth of 34’11”/10.65m
WC with wash basin -
Ground Floor Sales Inc. Rear Stock Room 604 sq.ft.
Rear External Entrance

10a Leg Street – First Floor Apartment

Entrance door leading to the Entrance Hall, with stairs to the First Floor leasing to the Sitting Room, Kitchen, Two Bedrooms and Bathroom.

Ground Floor Shop Tenancy

Let to Mr William Evans from 27th November 2023, on a 3 year internal repairing and insuring lease, at a current rent of £8,000 p.a.

First Floor Apartment

The apartment is currently vacant, but we believe could be re-let at an approximate rent of £700 pcm, subject to, we feel, minimal items of redecoration and improvement.
Terms of offer


Whilst interested parties need to make their own judgement as to future rentals by carrying out their own due diligence, our estimation is:-

Shop Rent: £ 8,000
Possible Apartment Rent: £ 8,400
Total Possible Rent: £16,400 p.a.

A price of £175,000 region is asked, subject to the tenancy on the ground floor, then this produces a gross yield of 9.37%.
Business rates


The ground floor shop has a rateable value of £6,800, and interested parties should speak to the Local Council – Shropshire Council on, to ascertain what level of business rates will be applicable. Concessions may apply.

First Floor Apartment – Council Tac Band A
EPC rating


Ground Floor Shop – An EPC has been commissioned.
First Floor Apartment – E
Viewing


Please contact the agents: Celt Rowlands & Co. On or