Guide price
£300,000
(£403.77/sq. ft)
Property for sale1A Abbey Foregate, Shrewsbury SY3
743 sq. ft
Freehold
About this property
Retail Investment
Let to a national covenant
Vacant rear property suitable for residential conversion (subject to statutory consents)
Grade II listed
For Sale - Retail Investment Let to a national covenant with an attached property suitable for residential conversion (subject to statutory consents).
Location
The property is situated fronting onto Horsefair in Abbey Foregate on the edge of Shrewsbury Town Centre, where all local amenities are available. Shrewsbury also benefits from being a historic and tourist centre.
The property comprises of a part two storey and part single storey property which is currently trading as a betting office for William Hill. To the rear of the property there is a two storey property, which is sold with vacant possession, which is in need of a comprehensive scheme of refurbishment works. The property benefits from vehicular access from Horsefair and would lend itself to a variety of uses subject to the receipt of the relevant statutory consents.
The property is understood to be Grade II listed.
Accommodation
All measurements are approximate.
1A Horsefair
Ground Floor
Sales Area 1276 ft 2
Staffroom 41 ft2 (3.81 m2)
Staff Toilet
Toilet
Disabled Toilet
First Floor
Stores 945 ft2 (98.78 m2)
Rear Structure (Dilapidated)
Ground Floor 743 ft2(69.02 m2)
First Floor 743 ft2(69.02 m2)
Epc
Current Rating - Expired 5th July 2022 - D (85)
Rateable Value
Verbal enquiries were made to the charging authority and we were advised as follows:- Unit 1A(Rateable Value £20,750)
Tenure
The freehold interest in the property is sold subject to the following occupational tenancy.
Ground and First Floors to 1A Horsefair
Tenant - Camec Limited
Lease Commencement Date - 12th April 2005
Lease Expiry Date - 11th April 2025
Rent Review/Tenants Option to Determine - 12th April 2015 (the rent review for 12th April 2015 has not been initiated)
Repairing Obligations - Full Repairing and Insuring
Rent - £13,250
Property at Rear
Vacant Possession
Services
(Not Tested)
Mains Water, electricity and drainage are understood to be connected to the property
Vat
It is understood that the property is elected for VAT, therefore VAT would be payable on the purchase.
Local Authority
Shropshire Council
Guildhall
Frankwell Quay
SY3 8HQ
Location
The property is situated fronting onto Horsefair in Abbey Foregate on the edge of Shrewsbury Town Centre, where all local amenities are available. Shrewsbury also benefits from being a historic and tourist centre.
The property comprises of a part two storey and part single storey property which is currently trading as a betting office for William Hill. To the rear of the property there is a two storey property, which is sold with vacant possession, which is in need of a comprehensive scheme of refurbishment works. The property benefits from vehicular access from Horsefair and would lend itself to a variety of uses subject to the receipt of the relevant statutory consents.
The property is understood to be Grade II listed.
Accommodation
All measurements are approximate.
1A Horsefair
Ground Floor
Sales Area 1276 ft 2
Staffroom 41 ft2 (3.81 m2)
Staff Toilet
Toilet
Disabled Toilet
First Floor
Stores 945 ft2 (98.78 m2)
Rear Structure (Dilapidated)
Ground Floor 743 ft2(69.02 m2)
First Floor 743 ft2(69.02 m2)
Epc
Current Rating - Expired 5th July 2022 - D (85)
Rateable Value
Verbal enquiries were made to the charging authority and we were advised as follows:- Unit 1A(Rateable Value £20,750)
Tenure
The freehold interest in the property is sold subject to the following occupational tenancy.
Ground and First Floors to 1A Horsefair
Tenant - Camec Limited
Lease Commencement Date - 12th April 2005
Lease Expiry Date - 11th April 2025
Rent Review/Tenants Option to Determine - 12th April 2015 (the rent review for 12th April 2015 has not been initiated)
Repairing Obligations - Full Repairing and Insuring
Rent - £13,250
Property at Rear
Vacant Possession
Services
(Not Tested)
Mains Water, electricity and drainage are understood to be connected to the property
Vat
It is understood that the property is elected for VAT, therefore VAT would be payable on the purchase.
Local Authority
Shropshire Council
Guildhall
Frankwell Quay
SY3 8HQ
Mortgage calculator
Monthly repayment
£1,500 per month
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