Property Details
Pugh Auctions
Lot 028
Lot 028
Auction: April 2020 Online Auction 21/04/2020 13:20

40 High Street, Whitchurch, Shropshire, SY13 1BB

Property Details
Location

The property occupies a prime position, fronting onto High Street, the Town Centre's main thoroughfare, situated directly opposite the Whitchurch Civic Centre and adjacent to Costa Coffee in the market town of Whitchurch. There is pedestrian access to the side of the building, off Pepper Street which provides access to the rear and upper floors of the property. There are a number of surrounding independant and multi national retailers. Chester and Shrewsbury are situated approximately 20 miles north and south respectively.

Description

A substantial freehold mid terrace three storey town centre commercial premises extending to 625 sq m (6,727 sq ft) in total. The property comprises a large, high street fronting retail unit with a further large area to the rear, separately accessed and offering potential to sub-divide. To the first floor there is office accommodation (two separate suites) and a hall / studio which is currently let with further accommodation to the second floor. The property is part let at an annual rent of £12,000 with potential to significantly increase further through the letting of the vacant elements. The vacant parts of the building require some cosmetic refurbishment.

Accommodation


Ground Floor (280 m2 / 3016 sq ft)Retail Unit
First Floor (263 sq m / 2830 sq ft)Studio / Hall, Offices x 2, W.C.
Second Floor (61 sq m / 656 sq ft)Studio / Hall

Approx Site Area

Approximately 469 sq m (561 sq yds).

Planning

Interested parties should consult directly with the Local Planning Authority: Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, SY2 6ND. Telephone: 0345 678 9004

Tenancy


Ground FloorVacant but listed to let at an asking price of £30,000 per annum
First Floor (middle & rear)2 x Office suites (vacant)
First Floor (front)Let to a local dance company at £12,000 per annum on a 6 year lease from March 2019 (option to break 2022)
Second FloorLet in conjunction with above

General

Part of the ground floor is listed on the VOA office as a rateable value of £13,250.

We are advised the ERV once fully let is circa £50,000.

The building benefits from A1 / A3 / A4 and B1 planning consent

A 6 week completion is offered on this lot.

Energy Performance Certificate = E

Property Location Address:
40 High Street,
Whitchurch,
Shropshire,
SY13 1BB
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Auction Details
Auction: April 2020 Online Auction Date: 21st April 2020 Lot Number: 028 Bidding Starts: 10:00am
Address:
North West Online Auction Day 1

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