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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of a Major Fund Manager

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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

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

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

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