Retail premises for sale in High Street, Newport TF10, £695,000
695,000.00
Offer Nr.:
64308938
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Blue Alpine Partners
Phone(s):
020 3641 9157
Email:
* Comprises part two, part three storey retail premises trading as Boots Pharmacy
* Future residential development potential subject to vacant possession and planni
* No.54 High Street Grade II Listed
* VAT is applicable to this property
* Tenant in occupation since 1935
Investment Consideration:
Gross Initial Yield: 7. 34%
RentalIncome: £51, 000 p. a.
Tenant in occupation since 1935
VAT is applicable to this property
No. 54 High Street Grade II Listed
Comprises part two, part three storeyretail premises trading as Boots
Pharmacy
Future residential development potential subject to vacant possession and
planning
Nearby occupiers include B&M (adjacent),Waitrose, Nationwide (opposite),
Costa Coffee, Subway and a number of local traders.
Property Description:
The property comprises part two, part three storey retailpremises with rear
single storey extension, providing the following accommodation and dimensions:
Ground Floor: 384. 53 sq m (4, 139 sq ft)
Basement: 45. 62 sq m (491 sqft)
First Floor: Not inspected
Second Floor: Not inspected
Future residential development potential subject to vacant possession and
obtaining the necessary consents.
Tenancy:
The property is at present let to Boots UK Limited for a term of 5 years from
10th June 2022 at a current rent of £51, 000 per annum and the leasecontains
full repairing and insuring covenants. No breaks. Tenant in occupation since
1935.
Location:
Newport is an attractive Shropshire market town located some 10miles north
east of Telford and 18 miles east of Shrewsbury. The Town is midway between
the M6 (junctions 13 and 14) and the M54 (junctions 5 and 6) on the
intersectionof the A 518 and A41. Harper Adams University campus is
approximately 2 miles to the north - west of the town. The property is situated
on the eastern side of the HighStreet. Occupiers close by include B&M
(adjacent), Waitrose, Nationwide (opposite), Costa Coffee, Subway and a number
of local traders.
* Future residential development potential subject to vacant possession and planni
* No.
* VAT is applicable to this property
* Tenant in occupation since 1935
Investment Consideration:
Gross Initial Yield: 7. 34%
Rental
Tenant in occupation since 1935
VAT is applicable to this property
No. 54 High Street Grade II Listed
Comprises part two, part three storey
Pharmacy
Future residential development potential subject to vacant possession and
planning
Nearby occupiers include B&M (adjacent),
Costa Coffee, Subway and a number of local traders.
Property Description:
The property comprises part two, part three storey retail
single storey extension, providing the following accommodation and dimensions:
Ground Floor: 384. 53 sq m (4, 139 sq ft)
Basement: 45. 62 sq m (491 sq
First Floor: Not inspected
Second Floor: Not inspected
Future residential development potential subject to vacant possession and
obtaining the necessary consents.
Tenancy:
The property is at present let to Boots UK Limited for a term of 5 years from
10th June 2022 at a current rent of £51, 000 per annum and the lease
full repairing and insuring covenants. No breaks. Tenant in occupation since
1935.
Location:
Newport is an attractive Shropshire market town located some 10
east of Telford and 18 miles east of Shrewsbury. The Town is midway between
the M6 (junctions 13 and 14) and the M54 (junctions 5 and 6) on the
intersection
approximately 2 miles to the north - west of the town. The property is situated
on the eastern side of the High
(adjacent), Waitrose, Nationwide (opposite), Costa Coffee, Subway and a number
of local traders.
Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)
Similar properties: