**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,
Prezzo, Home Bargains, M & S Simply Food, Sainsburys, Wilko’s, Costa and
Greggs. Independent operators are also found in abundance in the town, and
there are together with a large range of substantial shoppers’ car parks.
The subject premises are situated in the pedestrianised zone of Bailey Street,
close to Show Zone, The Works and Max Spielman.
**Description
**
A block of two retail premises, probably constructed in the 1960s, of
traditional construction with profile steel clad and felted flat roofs.
No. 18 bailey street
Ground floor sales 239 sq. ft.
Ground floor storage 30 sq. ft.
First floor storage 216 sq. ft.
Total Approx. Net Internal Area 495 sq. ft. / 45. 06 m. sq.
Tenancy
Let to independent retailer for a term of 6 years from 24th March 2022, on an
internal repairing basis, at a rent rising from £6, 000 p. a. In Year One,
£6, 600 p. a. In Year Two, and £7, 200 p. a. In Year Three. The tenant has
actioned their break clause, effective on the 23rd of March 2025.
No. 20 bailey street
Ground floor sales 886 sq. ft.
First floor storage 240 sq. ft.
Total Approx. Net Internal Area 1126 sq. ft. / 104. 60 m. sq.
Tenancy
Let to an independent, trading as Mollie’s Sweet Shop, on a 5 year internal
repairing lease from the 13th of May 2013 (now holding over), at a rent of
£10, 000 p. a.
Mollie’s trades from around 6 towns in Mid Wales and the English Border
Counties, having been established for in excess of 15 years.
**Potebtiak at the premises
**
These premises offer a purchaser the prospect of a continuing investment, and
whilst the tenant of No. 18 has actioned their break option, the joint agents
have let these premises in the past, and currently consider that the premises
will let fairly easily. As an alternative, prospective purchasers could also
potentially agree a vacant possession prior to the break date, subject to
contract, enabling owner occupation or re - letting earlier. Interested parties
should enquire further to the agents.
**Asking price
**
No. 18 Bailey Street £ 90, 000 Region
No. 20 Bailey Street £110, 000 Region
Combined £165, 000 Region
**Business rates
**
The buildings have the following rateable values, 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.
No. 18 Bailey Street £ 9, 000
No. 20 Bailey Street £18, 000
**EPC ratings
**
No. 18 Bailey Street ‘E’
No. 20 Bailey Street ‘D’
**Viewing
**
Please contact the agents: Celt Rowlands & Co. On or Forge properties
Consultants – .

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