Property for sale

Watergate Street, Whitchurch SY13

2 Watergate Street provides a substantial existing retail/office building extending to a Total Gross Internal Floor Area of approximately 5,744 sq ft (533.5 sq m), arranged over three floor. The property is currently configured as a decommissioned bank with offices, ancillary storage and welfare facilities. The size and layout offers potential for a variety of uses, including potential residential conversion, subject to the necessary statutory consents. Offers are invited in the region of £500,000 (exclusive).

The property is also available To Let with a rental price of £40,000 per annum (exclusive).

2 Watergate Street provides a substantial existing retail/office building extending to a Total Gross Internal Floor Area of approximately 5,744 sq ft (533.5 sq m) arranged over three floor. The property is currently configured as a decommissioned bank with offices, ancillary storage and welfare facilities.

The ground floor provides approximately 2,675 sq ft (248.4m sq), the first floor extends to approximately 1,484 sq ft (137.8m sq) and the second floor approximately 1,585 sq ft (147.3m sq), with a car park accommodating approximately six cars to the rear.

The building is constructed of brick and stone work under a tole pitched roof, with single glazed windows throughout.

The property is accessed directly off Watergate Street with the car park to the rear.

4 Watergate Street currently operates as "The Watergate" under a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum.

The property is owned under Title Number SL89338.

The property occupies a prominent position within Whitchurch town centre, a well-established market town in north Shropshire with a strong local economy and a broad mix of retail, leisure and professional services. Whitchurch serves as an important commercial hub for the surrounding rural catchment and benefits from good regional connectivity.

Key Location Highlights

Ground Floor

2,675 sq ft - 2.48.4 m sq

First Floor

1,484 sq ft - 137.8 m sq

Second Floor

1,585 sq ft - 147.3 m sq

Outside
Car Park - 6 Spaces

Total Gross Internal Floor Area

all measurements are approximate

Tenure

The property is offered for sale with vacant possession subject to the property ownership in part being subject to a 99 year lease from 25/3/1961 under SL139824 with a ground rent of £1,380 per annum. The property is owned under Title Number SL89338

Rateable Value

Prospective purchasers should rely on their own enquiries. We understand that the rateable value is £39,750 for the property.

Epc

To be assessed.

Vat

It is understood that the property is not elected for VAT and therefore VAT will not be levied on the purchase price.

Services

Not tested at the time of our inspection.
Purchaser to rely on their own enquiries. We understand that all services are connected to the property.

Planning

Prospective purchasers should rely on their own enquiries. We understand that the property benefits from planning consent for Use Class E of the Town and Country Use Classes Order 1987. The property interest would lend themselves to potential redevelopment for residential purposes subject to statutory consents.

Legal Costs

Each party to bear their own legal costs.

Local Authority

Shropshire Council, Guildhall, Frankwell Quay, Shrewsbury, SY3 8HQ