23 Cross St. Ellesmere Shropshire SY12 0AW

23 Cross St.
Ellesmere
Shropshire
SY12 0AW

Freehold Retail and Residential Investment

  • 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
Important Update
  • Expand
  • Photos
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* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • 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
  • 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).

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    952 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    56 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
029 2046 4347
David Farmer 029 2047 7887davidfarmer@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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