4 & 5 Market Square and 1 & 3 Market Square Wellington Telford Shropshire TF1 1BP

4 & 5 Market Square and 1 & 3 Market Square
Wellington
Telford
Shropshire
TF1 1BP

Freehold Retail Investment and Vacant Offices with Development Potential

Pedestrianised town centre location
Prominent corner building near Wellington Market and Railway Station
Three shops and 5,480 sq ft vacant upper floors (2)
Occupiers nearby include Wilko, HSBC, Greggs, Subway and Heron Foods

Lot
54
Auction
24th October 2019
Rent
£19,250 per Annum Exclusive
Status
Sold
Price
£245,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of a Major Fund Manager

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Freehold Retail Investment and Vacant Offices with Development Potential

Pedestrianised town centre location
Prominent corner building near Wellington Market and Railway Station
Three shops and 5,480 sq ft vacant upper floors (2)
Occupiers nearby include Wilko, HSBC, Greggs, Subway and Heron Foods

Lot 54
Auction 24th October 2019
Rent £19,250 per Annum Exclusive
Status Sold
Price £245,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of a Major Fund Manager

Property Information

Location

Miles: 10 miles east of Shrewsbury; 20 miles north-west of Wolverhampton; 32 miles north-west of Birmingham
Roads: M54, A5223
Rail: Wellington Railway
Air: Birmingham International

Situation

Wellington is one of the satellite towns of Telford, located 20 miles east of Shrewsbury, 32 miles north-west of Birmingham and 1 mile north of the M54 motorway. The property in the town centre occupies a prominent corner position at the junction of the pedestrianised Market Square and Market Street. Wellington railway station is located 150 metres to the north and Wellington Indoor Market 50 metres to the west. Occupiers close by include HSBC, Greggs, Heron Foods, Boots, Wilko and Coral.

Tenure

Freehold.

Location

Miles: 10 miles east of Shrewsbury; 20 miles north-west of Wolverhampton; 32 miles north-west of Birmingham
Roads: M54, A5223
Rail: Wellington Railway
Air: Birmingham International

Situation

Tenure

Freehold.

Description

The property comprises three ground floor shops together with vacant former offices at first and second floors. The first and second floors are separately accessed via Market Street.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Telford Council (www.telford.gov.uk).

EPC

See legal pack at acuitus.co.uk

Description

The property comprises three ground floor shops together with vacant former offices at first and second floors. The first and second floors are separately accessed via Market Street.

VAT

VAT is applicable to this lot.

Planning

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
3 Market Street Ground	Retail	54 sq m	(581 sq ft)	INDIVIDUAL t/a TotaIly Wicked	5 years from 30/03/2015	£9,000	2020
4 Market Square Ground Basement	Retail Ancillary	54 sq m 184 sq m	(581 sq ft) (1,980 sq ft)	VACANT VACANT
5 Market Square Ground Basement	Retail Ancillary	42 sq m 58 sq m	(452 sq ft) (624 sq ft)	CJY LIMITED t/a Coco’s Desserts	5 years from 09/11/2018 (1)	£10,250	2023
Wrekin House, Market Street First Second		(2) 236 sq m (2) 273 sq m	(2,542 sq ft) (2,938 sq ft)	VACANT VACANT
Total		901 sq m	(9,698 sq ft)			£19,250