2-4 Crown Street and 2b Bell Street
Wellington, Nr Telford
Shropshire
TF1 1LP

Freehold Retail and Residential Investment

  • Includes Three Retail Units and Three Flats
  • Historic Market Town in Shropshire
  • Prominent Town Centre Location on Pedestrianised Street
  • Close to Wellington Train Station
  • Nearby occupiers include Greggs, Subway, Halifax and TSB
  • Lot
    33
  • Auction
    04/Nov/2021
  • Rent
    £47,080 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 2-4 Crown Street and 2b Bell Street, Wellington, Nr Telford, Shropshire, TF1 1LP
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
3 miles west of Telford
30 miles north west of Birmingham
Roads
A5, A442,
Rail
Wellington Train Station
Air
Birmingham Airport
Situation

The property is situated in the centre of Wellington between the east side of the busy Crown Street and the west side of Bell Street and benefits from being on a busy pedestrianised shopping street close to Wellington Train Station. Nearby occupiers include Greggs, Subway, Halifax, TSB and many local cafes, shops and restaurants.

Tenure

Freehold.

Description

The property comprises three retail units and three flats. Two retail units front Crown Street with retail accommodation on the ground floor and basement and further residential accommodation on the upper two floors comprising 2 one bedroom flats and 1 two bedroom flat. The third retail unit fronts bell street comprising ground floor retail accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Please see legal pack at www.acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
2 Crown
Street
GroundRetail
49.00 sq m
(525 sq ft)
THE LITTLE
GREEN PANTRY
(2)
3 years from
14/06/2021
£7,500(13/06/2024)
4 Crown
Street
Ground
Basement
Retail
Ancillary
60.10 sq m
64.20 sq m
(646 sq ft)
(691 sq ft)
INDIVIDUAL t/a
The Music Vault
(2)
5 years from
18/06/2021
£11,000(17/06/2026)
2b Bell
Street
GroundRetail
27.40 sq m
(295 sq ft)
INDIVIDUAL (2)3 years from
25/08/2021
£6,500(24/08/2024)
2a Crown
Street
FirstResidential
1 Bedroom Flat
INDIVIDUAL12 month AST
from 24/09/2021
£7,140(23/09/2022)
2b Crown
Street
FirstResidential
1 Bedroom Flat
INDIVIDUAL12 month AST
from 24/09/2021
£7,140(23/09/2022)
2c Crown
Street
SecondResidential
2 Bedroom Flat
INDIVIDUAL12 month AST
30/10/2021
£7,800(29/10/2022)
Total Commercial Floor Area
200.70 sq m
(2,157 sq ft)(1)  £47,080 

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
(2) As to the three retail units, the Seller is hold a 3 month rent deposit.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.11.21
    File Size
    56 MB
    Login to View
  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    655 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    904 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate Auctioneers
Hammered Auctions Silver Stream House, 45 Fitzroy Street
London
W1T 6EB
Piotr Rusinek 07707611844piotr@hammeredauctions.co.uk
Seller's Solicitors
Higgs LLP 3 Waterfront Business Park
Brierley Hill
DY5 1LX
Becky Pickering 01384 327272Becky.Pickering@higgsllp.co.uk

Useful Links

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