Freehold Retail Investment
Freehold Retail Investment
The historic and attractive market town of Oswestry is the third largest town in Shropshire and is situated in close proximity to the Welsh and English border. The property is located on the eastern side of the pedestrianised Bailey Street, which abuts The Cross to the south. Nearby occupiers include WHSmith, Costa, Wilko, Superdrug and Sports Direct.
Freehold.
The historic and attractive market town of Oswestry is the third largest town in Shropshire and is situated in close proximity to the Welsh and English border. The property is located on the eastern side of the pedestrianised Bailey Street, which abuts The Cross to the south. Nearby occupiers include WHSmith, Costa, Wilko, Superdrug and Sports Direct.
Freehold.
The property comprises a double-fronted ground floor shop with first floor ancillary accommodation.
VAT is applicable to this lot.
Six Week Completion
D
The property comprises a double-fronted ground floor shop with first floor ancillary accommodation.
VAT is applicable to this lot.
Six Week Completion
D
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|
| Ground First |
Retail/Ancillary Ancillary |
220.46 sq m 187.25 sq m |
(2,373 sq ft) (2,016 sq ft) |
SHOE ZONE RETAIL LIMITED (1) |
5 years from 01/08/2018 on a full repairing and insuring lease |
£37,500 |
| Total |
407.71 sq m |
(4,389 sq ft) |
£37,500 | |||
(1) Shoe Zone operate from over 500 stores throughout the UK and Ireland with over 4,000 employees. For the year ending 30th September 2017, Shoe Zone Retail Limited reported a turnover of £157,777,000, pre-tax profits of £9,670,000 and a total net worth of £31,696,000 (Sources: www.shoezone.com and Experian Group 29/08/2018).
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