Property photos
Fixed price
£250,000
(£117.59/sq. ft)
Retail premises for sale
Broad Street, Welshpool SY212,126 sq. ft
Local area information
Property location
Nearby amenities
- Welshpool Church in Wales Primary School 0.2 miles
- Welshpool 0.4 miles
- Welshpool High School 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Comprises ground floor shop t/a Coral with ancillary accommodation above
- Rent review open market, upward only for 2022 is outstanding
- Future residential development potential, subject to obtaining consents
Investment Consideration:
Gross Initial Yield: 7.40%
Rental Income: £18,500 p.a.
VAT is applicable to this property
Rent review open market, upward only for 2022 is outstanding
Comprises ground floor shop t/a Coral with ancillary accommodation above
Future residential development potential, subject to obtaining consents
Town centre location opposite Post Office, with occupiers nearby including Barclays, Costa Coffee, Lloyds Bank and Greggs, amongst many more.
Property Description:
The property comprises ground floor retail shop t/a Coral with ancillary accommodation at first and second floor, providing the following accommodation and dimensions:
Ground Floor: 91.50 sq m (985 sq ft)
Open plan Retail, Office, Storage, WCs
First Floor: 55.50 sq m (597 sq ft)
Ancillary, Storage
Second Floor: 50.50 sq m (544 sq ft)
Ancillary, Storage
Total area size: 197.50 sq m (2,126 sq ft)
Tenancy:
The property is at present let to Coral Racing Limited for a term of 10 Years from 24th June 2017 at a current rent of £18,500 p.a. And the lease contains full repairing and insuring covenants. Rent review open market, upward only for June 2022 is outstanding. Tenant in occupation since 2007.
Location:
Welshpool is a market town and community in Wales, administered as part of the unitary authority of Powys. The town is well located to allow access to the A483 and A458 and the national motorway network. The property is located within 10 minutes walk of Welshpool station, providing good connections to Wales and the rest of the UK. Town centre location opposite Post Office, with occupiers nearby including Barclays, Costa Coffee, Lloyds Bank and Greggs, amongst many more.
Gross Initial Yield: 7.40%
Rental Income: £18,500 p.a.
VAT is applicable to this property
Rent review open market, upward only for 2022 is outstanding
Comprises ground floor shop t/a Coral with ancillary accommodation above
Future residential development potential, subject to obtaining consents
Town centre location opposite Post Office, with occupiers nearby including Barclays, Costa Coffee, Lloyds Bank and Greggs, amongst many more.
Property Description:
The property comprises ground floor retail shop t/a Coral with ancillary accommodation at first and second floor, providing the following accommodation and dimensions:
Ground Floor: 91.50 sq m (985 sq ft)
Open plan Retail, Office, Storage, WCs
First Floor: 55.50 sq m (597 sq ft)
Ancillary, Storage
Second Floor: 50.50 sq m (544 sq ft)
Ancillary, Storage
Total area size: 197.50 sq m (2,126 sq ft)
Tenancy:
The property is at present let to Coral Racing Limited for a term of 10 Years from 24th June 2017 at a current rent of £18,500 p.a. And the lease contains full repairing and insuring covenants. Rent review open market, upward only for June 2022 is outstanding. Tenant in occupation since 2007.
Location:
Welshpool is a market town and community in Wales, administered as part of the unitary authority of Powys. The town is well located to allow access to the A483 and A458 and the national motorway network. The property is located within 10 minutes walk of Welshpool station, providing good connections to Wales and the rest of the UK. Town centre location opposite Post Office, with occupiers nearby including Barclays, Costa Coffee, Lloyds Bank and Greggs, amongst many more.
More information
Listed by
Blue Alpine Partners
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