Retail premises for sale in Beatrice Street, Oswestry SY11, £280,000

280,000.00

Offer Nr.:
64393086
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Halls Commercial
Phone(s):
01743 534929

* Freehold
**Key Points**
* Investment opportunity
* An attractive three storey property
* Separate access to the upper floors
* Total annual income of £30, 600 per annum
* Net initial yield of 10. 61%
**Description**
Attractive investment opportunity, currently fully let as a gift store, small
business platform and collaboration space in the ground floor and 4 bedroom
let with shared facilities on the upper floors. The commercial premises
benefits from a good size floor sales area which is 32. 76 sq m (353 sq ft)
with a rear meeting room and facilities which extend to 21. 5 sq m (231 sq ft).
It also benefits from a new double glazed frontage, insulation and new
electrics. The workshop area at back has new flooring, in built large storage
cupboards, WC with sink and a kitchenette.
The property has been refurbished recently and the high quality finish can
only be fully appreciated by undertaking an internal inspection. Improvements
include new sash double glazing on side of property, refurbished original
glazing with secondary glazing on the front to conform with conservation area,
roof repairs, pointing/chimney stacks were all checked, rewire and fully
insulated, etc.
The upper floors are a total of 112. 52 sq m (1, 211 sq ft) and consists of 4
bedrooms which are rented out on separate assured shorthold tenancy agreements
with communal bathrooms, kitchens and living spaces. The kitchen comes with
integrated washing machine, dishwasher, fridge freezer, oven and hob with
extractor fan and a flat screen TV on wall, the lounge has a flat screen TV,
dining table with bench seating and large L shaped sofa. Bedrooms supplied
with new bed frames, new mattresses and furniture all new as of August 2022,
the showers are electric The property also benefits from a locked and secure
bin store/bike storage on ground floor.
The property is an attractive 3 storey semi - detached building of traditional
brick construction, under a slate tiled roof. The property is accessed
straight off the public highway and has side access via a shared alleyway to
the left of the building.
A link to the ground floor tenants website Under One Roof ()
**Location**
The property is prominently located fronting onto Beatrice street on the
junction between Beatrice Street (B479) and Albion Hill in the historic town
of Oswestry.
Close by occupiers include Eric Roberts Butchers, Coversure Insurance Brokers,
The Griffin Pub, Hobo Florist and H Hughes and Sons quality Shoes. The
property is located in an area of mixed development.
Oswestry is an established market town of Shropshire, which serves as an
administrative centre and market town that is located at the junction of the
A5, A483 and A495. Oswestry had a total population of 17, 105 at the 2011
census.
The town is located approximately 18. 5 miles North of the County Town of
Shrewsbury, 27 miles south of the City of Birmingham and approximately 13
miles south of the town of Wrexham.

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