Property photos
Fixed price
£650,000
(£140.39/sq. ft)
Retail premises for sale
High Street, Newport TF104,630 sq. ft
Local area information
Property location
Nearby amenities
- Newport Church of England Voluntary Controlled Junior School 0.1 miles
- Haberdashers' Adams 0.2 miles
- Oakengates 6 miles
- Telford Central 6.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Comprises part two, part three storey retail premises trading as Boots Pharmacy
- Future residential development potential subject to vacant possession and planni
- No.54 High Street Grade II Listed
- VAT is applicable to this property
- Tenant in occupation since 1935
Investment Consideration:
Gross Initial Yield: 7.85%
Rental Income: £51,000 p.a.
Tenant in occupation since 1935
VAT is applicable to this property
No.54 High Street Grade II Listed
Comprises part two, part three storey retail premises trading as Boots Pharmacy
Future residential development potential subject to vacant possession and planning
Nearby occupiers include B&M (adjacent), Waitrose, Nationwide (opposite), Costa Coffee, Subway and a number of local traders.
Property Description:
The property comprises part two, part three storey retail premises with rear single storey extension, providing the following accommodation and dimensions:
Ground Floor: 384.53 sq m (4,139 sq ft)
Basement: 45.62 sq m (491 sq ft)
First Floor: Not inspected
Second Floor: Not inspected
Future residential development potential subject to vacant possession and obtaining the necessary consents.
Tenancy:
The property is at present let to Boots UK Limited for a term of 5 years from 10th June 2022 at a current rent of £51,000 per annum and the lease contains full repairing and insuring covenants. No breaks. Tenant in occupation since 1935.
Location:
Newport is an attractive Shropshire market town located some 10 miles north east of Telford and 18 miles east of Shrewsbury. The Town is midway between the M6 (junctions 13 and 14) and the M54 (junctions 5 and 6) on the intersection of the A 518 and A41. Harper Adams University campus is approximately 2 miles to the north-west of the town. The property is situated on the eastern side of the High Street. Occupiers close by include B&M (adjacent), Waitrose, Nationwide (opposite), Costa Coffee, Subway and a number of local traders.
Gross Initial Yield: 7.85%
Rental Income: £51,000 p.a.
Tenant in occupation since 1935
VAT is applicable to this property
No.54 High Street Grade II Listed
Comprises part two, part three storey retail premises trading as Boots Pharmacy
Future residential development potential subject to vacant possession and planning
Nearby occupiers include B&M (adjacent), Waitrose, Nationwide (opposite), Costa Coffee, Subway and a number of local traders.
Property Description:
The property comprises part two, part three storey retail premises with rear single storey extension, providing the following accommodation and dimensions:
Ground Floor: 384.53 sq m (4,139 sq ft)
Basement: 45.62 sq m (491 sq ft)
First Floor: Not inspected
Second Floor: Not inspected
Future residential development potential subject to vacant possession and obtaining the necessary consents.
Tenancy:
The property is at present let to Boots UK Limited for a term of 5 years from 10th June 2022 at a current rent of £51,000 per annum and the lease contains full repairing and insuring covenants. No breaks. Tenant in occupation since 1935.
Location:
Newport is an attractive Shropshire market town located some 10 miles north east of Telford and 18 miles east of Shrewsbury. The Town is midway between the M6 (junctions 13 and 14) and the M54 (junctions 5 and 6) on the intersection of the A 518 and A41. Harper Adams University campus is approximately 2 miles to the north-west of the town. The property is situated on the eastern side of the High Street. Occupiers close by include B&M (adjacent), Waitrose, Nationwide (opposite), Costa Coffee, Subway and a number of local traders.
More information
Listed by
Blue Alpine Partners
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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.