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
    24/Oct/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
Important Auction & Property Update
  • 4 & 5 Market Square and 1 & 3 Market Square<br>Wellington<br>Telford<br>Shropshire<br>TF1 1BP
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
3 Market Street
Ground

Retail


54 sq m

(581 sq ft)
INDIVIDUAL t/a TotaIly Wicked5 years from
30/03/2015
£9,0002020
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)
£10,2502023
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 

(1) website:www.totallywicked-eliquid.co.uk.
(2) Removed from the Rating List. Business rates not payable.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    648 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 South Quay, Victoria Quays
Sheffield
S2 5SY
Carol Davies 0114 279 4003Carol.Davies@cms-cmno.com

Useful Links

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