Retail unit with residential flat let until 2024 (No breaks)
Includes three additional residential flats
Traditional market town in North Shropshire
Located adjacent to Co-operative Food Store and close to Lloyds Bank
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 24
Auction 13th October 2016
Rent £15,084 per Annum Exclusive
Status Sold
Price £211,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of a Major Fund Manager
Property Information
Location
Miles
12 miles south of Wrexham, 17 miles north west of Shrewsbury, 40 miles south of Liverpool
Roads
A495, A528, A5
Air
Liverpool John Lennon Airport
Situation
Ellesmere is a traditional market town just 3 miles south of the Welsh border in north Shropshire. The property is situated on Cross Street within the town centre close to it's junction with High Street
and Scotland Street. The property benefits from being directly opposite Cross Street car park and adjacent to a Cooperative food store. Other nearby occupiers include Rowlands Pharmacy and
Lloyds Bank.
Tenure
Freehold.
Location
Miles
12 miles south of Wrexham, 17 miles north west of Shrewsbury, 40 miles south of Liverpool
Roads
A495, A528, A5
Air
Liverpool John Lennon Airport
Situation
Ellesmere is a traditional market town just 3 miles south of the Welsh border in north Shropshire. The property is situated on Cross Street within the town centre close to it's junction with High Street
and Scotland Street. The property benefits from being directly opposite Cross Street car park and adjacent to a Cooperative food store. Other nearby occupiers include Rowlands Pharmacy and
Lloyds Bank.
Tenure
Freehold.
Description
The property comprises a Grade II listed ground and basement retail/take-away unit with four self contained residential flats at first and second floors. The residential flats can accessed via a doorway from the side alleyway.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a Grade II listed ground and basement retail/take-away unit with four self contained residential flats at first and second floors. The residential flats can accessed via a doorway from the side alleyway.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
23 Cross Street Flat 1
Ground Basement First
Retail Ancillary Residential
63.92 sq m
(688 sq ft) Not Measured One Bedroom Flat
INDIVIDUALS t/a Ellesmere Kebab & Pizza House
25 years from 25/09/1999 until 24/09/2024
£12,000
25/09/2019
Flat 2
First
Residential
One Bedroom Flat
VACANT POSSESSION
Flat 3
Second
Residential
One Bedroom Flat
INDIVIDUAL
Holding over on periodic tenancy
£3,084
Flat 4
Second
Residential
One Bedroom Flat
VACANT POSSESSION (1)
Total Commercial Area:
63.92 sq m
(688 sq ft)
£15,084
(1) Flat 4 is currently being marketed to let at £260 p.c.m (£3,120 p.a.x).